Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.1% – Should You Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s share price fell 0.1% during mid-day trading on Tuesday . The company traded as low as $183.87 and last traded at $184.86. 2,949,424 shares changed hands during trading, a decline of 81% from the average session volume of 15,285,150 shares. The stock had previously closed at $185.08.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Down 1.3 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company has a market cap of $947.56 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 0.88 and a beta of 1.12. The business’s 50 day simple moving average is $188.24 and its 200-day simple moving average is $174.42.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 1.20%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds have recently bought and sold shares of the business. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $25,000. Reston Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $25,000. Valley Wealth Managers Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $27,000. Olistico Wealth LLC bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at about $27,000. Finally, NewSquare Capital LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $29,000. 16.51% of the stock is owned by institutional investors and hedge funds.

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.