Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Down 0.2% – Should You Sell?

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) were down 0.2% during trading on Friday . The stock traded as low as $177.57 and last traded at $179.07. 3,442,997 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 15,429,119 shares. The stock had previously closed at $179.48.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TSM. Needham & Company LLC boosted their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Sanford C. Bernstein boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Susquehanna reaffirmed a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Finally, TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $168.72 and a 200 day moving average price of $160.62. The stock has a market capitalization of $939.57 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.03 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. During the same period last year, the company earned $1.14 earnings per share. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 34.6% compared to the same quarter last year. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.4871 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.08%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 36.95%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Seed Wealth Management Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 1.3% in the second quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after acquiring an additional 57 shares in the last quarter. Keudell Morrison Wealth Management raised its stake in Taiwan Semiconductor Manufacturing by 1.5% in the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock valued at $700,000 after purchasing an additional 59 shares during the last quarter. Heron Bay Capital Management lifted its holdings in Taiwan Semiconductor Manufacturing by 1.0% in the 2nd quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company’s stock valued at $992,000 after purchasing an additional 59 shares in the last quarter. Clifford Swan Investment Counsel LLC boosted its stake in Taiwan Semiconductor Manufacturing by 1.4% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 4,798 shares of the semiconductor company’s stock worth $834,000 after purchasing an additional 66 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 0.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,733 shares of the semiconductor company’s stock worth $3,082,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

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.