Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.6% – Should You Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares traded down 0.6% during mid-day trading on Wednesday . The stock traded as low as $182.26 and last traded at $184.99. 4,925,213 shares traded hands during trading, a decline of 68% from the average session volume of 15,365,760 shares. The stock had previously closed at $186.05.

Analysts Set New Price Targets

Several research analysts recently weighed in on TSM shares. Sanford C. Bernstein upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. TD Cowen lifted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Needham & Company LLC boosted their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, Susquehanna reiterated a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. One 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 has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

The company has a 50-day moving average of $170.82 and a 200 day moving average of $161.77. The stock has a market capitalization of $972.50 billion, a PE ratio of 33.24, a PEG ratio of 1.10 and a beta of 1.14. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 earnings per share. Sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.04%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is 35.24%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.7% in the 1st quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock valued at $5,722,410,000 after purchasing an additional 704,804 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 31,060,369 shares of the semiconductor company’s stock valued at $3,230,279,000 after purchasing an additional 422,976 shares during the last quarter. Capital International Investors lifted its stake in shares of Taiwan Semiconductor Manufacturing by 40.2% in the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after purchasing an additional 5,643,949 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Taiwan Semiconductor Manufacturing by 4.3% in the 2nd quarter. Van ECK Associates Corp now owns 18,167,165 shares of the semiconductor company’s stock valued at $3,157,635,000 after purchasing an additional 750,971 shares during the last quarter. Finally, Harding Loevner LP lifted its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock valued at $1,222,768,000 after purchasing an additional 2,008,043 shares during the last quarter. 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.