Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 3.4% – Should You Sell?

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) fell 3.4% during mid-day trading on Monday . The company traded as low as $192.45 and last traded at $194.44. 6,661,039 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 15,452,939 shares. The stock had previously closed at $201.20.

Analyst Ratings Changes

TSM has been the topic of several recent research reports. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Down 2.6 %

The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $968.41 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 0.91 and a beta of 1.12. The company has a 50-day moving average of $184.19 and a 200-day moving average of $171.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.17%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.09%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Hedge funds have recently added to or reduced their stakes in the company. Meeder Advisory Services Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $276,000. Headlands Technologies LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $182,000. ProShare Advisors LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $210,000. Koshinski Asset Management Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter worth about $480,000. Finally, Eagle Bay Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 162.5% during the 1st quarter. Eagle Bay Advisors LLC now owns 357 shares of the semiconductor company’s stock worth $49,000 after buying an additional 221 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.