Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 1.3% – Time to Sell?

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) were down 1.3% during trading on Monday . The stock traded as low as $159.73 and last traded at $163.18. Approximately 6,830,141 shares were traded during trading, a decline of 55% from the average daily volume of 15,260,123 shares. The stock had previously closed at $165.25.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TSM shares. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 1.5 %

The business’s 50-day simple moving average is $190.44 and its 200-day simple moving average is $192.64. 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 capitalization of $873.72 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 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, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.63%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.68%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several institutional investors have recently modified their holdings of TSM. Stonebridge Financial Group LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $25,000. IMG Wealth Management Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $26,000. Hopwood Financial Services Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $27,000. Roxbury Financial LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth $29,000. Finally, Accredited Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth $31,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

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.