Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.1% – Time to Sell?

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) were down 0.1% during mid-day trading on Friday . The company traded as low as $221.28 and last traded at $224.29. Approximately 5,277,598 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 16,805,480 shares. The stock had previously closed at $224.62.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a 50-day moving average price of $201.07 and a 200 day moving average price of $185.75. The company has a market cap of $1.15 trillion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a $0.5484 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 0.99%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.11%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several hedge funds and other institutional investors have recently modified their holdings of TSM. Reston Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter worth about $25,000. Sugarloaf Wealth Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 77.1% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 81 shares in the last quarter. Archer Investment Corp boosted its position in Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 62 shares during the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $40,000. Finally, American Capital Advisory LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Profile

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.