Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 0.1% - Here's What Happened

During the mid-day trading on Tuesday, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) saw its stock price decrease by 0.1%. The stock dipped to a low of $183.87 and was last priced at $184.86. A total of 2,949,424 shares were traded during this session, which is a significant decrease of 81% compared to the average trading volume of 15,285,150 shares. The stock had previously closed at $185.08.

Wall Street Analysts Forecast Growth

Recent reports from various research analysts show mixed ratings for Taiwan Semiconductor Manufacturing. StockNews.com downgraded the stock from a "buy" to a "hold" rating as of November 17th. However, on October 18th, Susquehanna reaffirmed a "buy" rating for the company. Additionally, Needham & Company LLC maintained a buy rating, with a target price of $210.00, announced on October 17th. On November 18th, Barclays increased its price target for the company from $215.00 to $240.00, also rating it as "overweight." Currently, two analysts have given the stock a hold rating, while four have rated it as a buy. According to MarketBeat.com data, the overall consensus is a "Moderate Buy" with an average target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Down 1.3%

The company maintains a debt-to-equity ratio of 0.24, a quick ratio of 2.30, and a current ratio of 2.57. Taiwan Semiconductor has a market capitalization of $947.56 billion and a price-to-earnings ratio of 29.63, along with a price-to-earnings-growth ratio of 0.88 and a beta of 1.12. The stock's 50-day simple moving average stands at $188.24, and the 200-day moving average is $174.42.

Taiwan Semiconductor Manufacturing last released earnings results on October 17th, reporting earnings per share (EPS) of $1.94. This surpassed analysts' expectations, which were set at $1.74. Revenue for the quarter was reported at $23.50 billion, exceeding the consensus estimate of $22.72 billion. Furthermore, the return on equity was 27.44%, and the net margin was 39.10%. Analysts predict that Taiwan Semiconductor Manufacturing will achieve an EPS of $6.95 for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company has also announced an increase in its quarterly dividend, which will be paid on April 10th. Shareholders on record by March 18th will receive a dividend of $0.5484, up from the previous dividend of $0.49. This results in an annualized dividend of $2.19, with a yield of 1.20%. The company's payout ratio stands at 31.57%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Recently, several hedge funds have made movements regarding shares of Taiwan Semiconductor Manufacturing. Atlantic Edge Private Wealth Management LLC acquired a new stake during the second quarter for $25,000, while Reston Wealth Management LLC also entered a position in the third quarter, investing a similar amount. Valley Wealth Managers Inc. and Olistico Wealth LLC both reported new stakes valued at roughly $27,000. On the whole, approximately 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, along with its subsidiaries, produces, packages, tests, and sells integrated circuits and other semiconductor devices across various regions including Taiwan, China, Europe, and the United States. The firm offers a range of wafer fabrication processes including CMOS logic, mixed-signal, radio frequency, and embedded memory, among others.

Should you invest $1,000 in Taiwan Semiconductor Manufacturing right now?

Before making an investment in Taiwan Semiconductor Manufacturing, it is advised to consider other options as well. Market analysts have highlighted five stocks they believe may be better investments at this time in comparison to Taiwan Semiconductor Manufacturing.

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