Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 0.2%

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) fell 0.2% during trading on Monday . The company traded as low as $125.78 and last traded at $127.42. 6,931,219 shares traded hands during trading, a decline of 56% from the average session volume of 15,754,842 shares. The stock had previously closed at $127.70.

Wall Street Analysts Forecast Growth

TSM has been the topic of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Up 2.9 %

The stock’s fifty day simple moving average is $136.61 and its 200-day simple moving average is $114.01. The stock has a market cap of $692.33 billion, a P/E ratio of 25.43, a P/E/G ratio of 0.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be paid a $0.4408 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.76%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSM. International Assets Investment Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 7.0% in the 3rd quarter. International Assets Investment Management LLC now owns 3,740 shares of the semiconductor company’s stock valued at $320,000 after buying an additional 246 shares during the period. AE Wealth Management LLC raised its position in Taiwan Semiconductor Manufacturing by 23.4% during the third quarter. AE Wealth Management LLC now owns 20,149 shares of the semiconductor company’s stock valued at $1,751,000 after purchasing an additional 3,818 shares in the last quarter. Impact Partnership Wealth LLC lifted its stake in Taiwan Semiconductor Manufacturing by 24.1% during the third quarter. Impact Partnership Wealth LLC now owns 1,257 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 244 shares during the last quarter. 1900 Wealth Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 7.5% in the 3rd quarter. 1900 Wealth Management LLC now owns 2,623 shares of the semiconductor company’s stock valued at $228,000 after purchasing an additional 182 shares in the last quarter. Finally, Meridian Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.3% in the 3rd quarter. Meridian Wealth Management LLC now owns 10,039 shares of the semiconductor company’s stock valued at $872,000 after purchasing an additional 221 shares during the last quarter. 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.