Taiwan Semiconductor Manufacturing (NYSE:TSM) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) from a buy rating to a hold rating in a research report report published on Monday.

Several other equities research analysts have also recently issued reports on TSM. Susquehanna boosted their price target on Taiwan Semiconductor Manufacturing from $128.00 to $135.00 and gave the company a positive rating in a research note on Friday, July 14th. Needham & Company LLC dropped their target price on shares of Taiwan Semiconductor Manufacturing from $118.00 to $115.00 and set a buy rating on the stock in a report on Friday, July 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of Moderate Buy and a consensus target price of $108.33.

Taiwan Semiconductor Manufacturing Trading Down 0.5 %

Shares of NYSE TSM opened at $88.84 on Monday. The company’s 50 day simple moving average is $95.65 and its 200 day simple moving average is $93.99. The firm has a market capitalization of $460.76 billion, a P/E ratio of 14.66, a P/E/G ratio of 3.18 and a beta of 1.07. Taiwan Semiconductor Manufacturing has a fifty-two week low of $59.43 and a fifty-two week high of $110.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.42 and a quick ratio of 2.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, July 20th. The semiconductor company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. Taiwan Semiconductor Manufacturing had a return on equity of 32.08% and a net margin of 43.31%. The business had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $15.52 billion. On average, analysts predict that Taiwan Semiconductor Manufacturing will post 4.82 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 15th will be paid a $0.4724 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.13%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 24.59%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. grew its holdings in Taiwan Semiconductor Manufacturing by 9,912.6% during the 1st quarter. Macquarie Group Ltd. now owns 78,769,354 shares of the semiconductor company’s stock valued at $7,327,125,000 after purchasing an additional 77,982,655 shares during the last quarter. FMR LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 50.8% in the 1st quarter. FMR LLC now owns 41,902,774 shares of the semiconductor company’s stock worth $3,897,796,000 after purchasing an additional 14,122,168 shares in the last quarter. Capital World Investors lifted its position in Taiwan Semiconductor Manufacturing by 9.9% during the 2nd quarter. Capital World Investors now owns 34,673,330 shares of the semiconductor company’s stock worth $3,499,184,000 after acquiring an additional 3,129,635 shares during the period. Morgan Stanley lifted its position in Taiwan Semiconductor Manufacturing by 27.7% during the 4th quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock worth $2,421,936,000 after acquiring an additional 7,045,899 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 17.2% during the 2nd quarter. Fisher Asset Management LLC now owns 29,562,673 shares of the semiconductor company’s stock valued at $2,988,346,000 after buying an additional 4,333,997 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

About Taiwan Semiconductor Manufacturing

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.