Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Down 0.9% – Time to Sell?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) dropped 0.9% during mid-day trading on Monday . The company traded as low as $198.48 and last traded at $199.74. Approximately 2,896,425 shares traded hands during trading, a decline of 81% from the average daily volume of 14,998,513 shares. The stock had previously closed at $201.63.

Analysts Set New Price Targets

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

Taiwan Semiconductor Manufacturing Trading Down 1.4 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company’s fifty day simple moving average is $195.13 and its 200-day simple moving average is $181.52. The firm has a market capitalization of $1.02 trillion, a PE ratio of 31.65, a P/E/G ratio of 0.93 and a beta of 1.09.

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. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 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, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.11%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 35.10%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of institutional investors have recently bought and sold shares of the company. DGS Capital Management LLC raised its position in Taiwan Semiconductor Manufacturing by 8.7% in the third quarter. DGS Capital Management LLC now owns 21,116 shares of the semiconductor company’s stock valued at $3,667,000 after purchasing an additional 1,682 shares during the period. Logan Capital Management Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 20.1% during the 3rd quarter. Logan Capital Management Inc. now owns 334 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 56 shares during the last quarter. Dantai Capital Ltd raised its holdings in Taiwan Semiconductor Manufacturing by 62.7% in the 3rd quarter. Dantai Capital Ltd now owns 33,095 shares of the semiconductor company’s stock valued at $5,748,000 after buying an additional 12,755 shares during the period. Oddo BHF Asset Management Sas acquired a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at about $2,449,000. Finally, Garde Capital Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 142.2% during the third quarter. Garde Capital Inc. now owns 6,246 shares of the semiconductor company’s stock worth $1,085,000 after buying an additional 3,667 shares during the period. 16.51% of the stock is owned by hedge funds and other 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.