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

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares traded down 3.4% during mid-day trading on Thursday . The company traded as low as $187.66 and last traded at $187.79. 4,407,793 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 15,501,320 shares. The stock had previously closed at $194.48.

Wall Street Analyst Weigh In

TSM has been the subject of several research reports. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Up 1.3 %

The stock’s 50 day moving average is $180.45 and its 200 day moving average is $167.88. The company has a market capitalization of $1.00 trillion, a PE ratio of 30.93, a PEG ratio of 0.92 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.21 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.01%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of large investors have recently modified their holdings of TSM. Ted Buchan & Co lifted its stake in Taiwan Semiconductor Manufacturing by 19.6% in the 3rd quarter. Ted Buchan & Co now owns 5,486 shares of the semiconductor company’s stock worth $953,000 after purchasing an additional 898 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter worth $52,000. Mesirow Financial Investment Management Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 2.4% during the third quarter. Mesirow Financial Investment Management Inc. now owns 14,425 shares of the semiconductor company’s stock valued at $2,505,000 after buying an additional 338 shares during the period. Atria Investments Inc grew its position in Taiwan Semiconductor Manufacturing by 3.9% during the third quarter. Atria Investments Inc now owns 144,347 shares of the semiconductor company’s stock worth $25,069,000 after buying an additional 5,420 shares in the last quarter. Finally, TCTC Holdings LLC increased its stake in Taiwan Semiconductor Manufacturing by 46.5% in the 3rd quarter. TCTC Holdings LLC now owns 1,883 shares of the semiconductor company’s stock worth $327,000 after acquiring an additional 598 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

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.