Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) shares dropped 0.6% during mid-day trading on Friday . The company traded as low as $211.19 and last traded at $213.55. Approximately 7,325,242 shares changed hands during trading, a decline of 57% from the average daily volume of 17,033,641 shares. The stock had previously closed at $214.79.
Several research firms have recently commented on TSM. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday, November 17th. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Susquehanna reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two 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 company presently has an average rating of "Moderate Buy" and an average target price of $220.00.
Get Our Latest Analysis on TSM
The business's 50-day simple moving average is $198.02 and its two-hundred day simple moving average is $184.44. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.10 trillion, a price-to-earnings ratio of 33.90, a P/E/G ratio of 0.76 and a beta of 1.07.
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts' consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.04%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 30.77%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Client Services LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $201,000. Trust Co of the South increased its stake in Taiwan Semiconductor Manufacturing by 232.8% during the 4th quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company's stock worth $1,752,000 after buying an additional 6,204 shares in the last quarter. Headwater Capital Co Ltd purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $49,372,000. NRI Wealth Management LC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $1,545,000. Finally, HF Advisory Group LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 55.5% in the third quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company's stock valued at $2,389,000 after acquiring an additional 4,907 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.
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.
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