Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s stock price was down 0% on Monday . The company traded as low as $139.81 and last traded at $141.51. Approximately 3,116,051 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 15,398,831 shares. The stock had previously closed at $141.56.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Needham & Company LLC reiterated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Finally, Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and four 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 $157.00.

Taiwan Semiconductor Manufacturing Stock Performance

The stock has a market cap of $744.82 billion, a price-to-earnings ratio of 27.35, a P/E/G ratio of 1.01 and a beta of 1.13. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. The stock’s 50-day moving average is $138.61 and its 200-day moving average is $117.32.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.23%. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of large investors have recently modified their holdings of TSM. Xponance Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $270,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Taiwan Semiconductor Manufacturing by 23.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,811 shares of the semiconductor company’s stock worth $1,200,000 after purchasing an additional 2,663 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Taiwan Semiconductor Manufacturing by 7.9% in the 3rd quarter. Mackenzie Financial Corp now owns 85,827 shares of the semiconductor company’s stock valued at $7,330,000 after purchasing an additional 6,319 shares in the last quarter. Baystate Wealth Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 53.5% in the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 138 shares in the last quarter. Finally, NBT Bank N A NY bought a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at about $330,000. 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.