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

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) saw its stock price decrease by 0.1% during midday trading on Tuesday. The stock reached a low of $183.87 before closing at $184.86. In total, 2,949,424 shares were traded, which is significantly lower than the average session volume of 15,285,150 shares. The stock had previously closed at $185.08.

Wall Street Analysts Forecast Growth

Several financial analysts have recently provided updates regarding the stock. StockNews.com has downgraded Taiwan Semiconductor Manufacturing from a "buy" to a "hold." On the other hand, Susquehanna maintained a "buy" rating in a note published on October 18th. Needham & Company reaffirmed a "buy" rating and established a target price of $210.00 on October 17th. In another report, Barclays raised its price target from $215.00 to $240.00 while maintaining an "overweight" rating as of November 18th. Currently, two analysts rate the stock as a hold, while four recommend buying, resulting in an average rating of "Moderate Buy" with a target price around $214.00 according to MarketBeat.com.

Company Financials and Performance

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

On October 17th, Taiwan Semiconductor Manufacturing reported its quarterly earnings results, showing an earnings-per-share (EPS) of $1.94, exceeding analysts' average estimate of $1.74 by $0.20. The company's revenue for the quarter was $23.50 billion, which also surpassed the expected revenue of $22.72 billion. The company maintains a robust return on equity of 27.44% and a net profit margin of 39.10%. Analysts predict that Taiwan Semiconductor Manufacturing will generate an EPS of 6.95 in the current year.

Dividend Updates

Recently, Taiwan Semiconductor Manufacturing announced an increase in its quarterly dividend. This payment is scheduled for April 10th, with shareholders on record as of March 18th set to receive a dividend of $0.5484 per share. This new dividend amount represents an increase from the previous $0.49, resulting in an annualized dividend of $2.19 and a yield of 1.20%. The payout ratio of the company is currently 31.57%.

Hedge Fund Activities

As for institutional investments, various hedge funds are actively buying and selling shares of Taiwan Semiconductor Manufacturing. Atlantic Edge Private Wealth Management acquired a stake during the second quarter, valued at $25,000, while Reston Wealth Management also bought into the company during the third quarter for the same amount. Valley Wealth Managers Inc. and Olistico Wealth LLC both established new positions worth approximately $27,000 during the second quarter. NewSquare Capital LLC similarly acquired a stake valued at about $29,000. Currently, about 16.51% of the stock is held by institutional investors and hedge funds.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited operates globally, manufacturing, packaging, testing, and selling integrated circuits and various semiconductor devices. Their operations extend across Taiwan, China, Europe, the Middle East, Africa, Japan, and the United States. They offer a range of wafer fabrication processes, including complementary metal-oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, and embedded memory, among others.

Summary and Investment Considerations

Given the current rating from analysts, while Taiwan Semiconductor Manufacturing holds a "Moderate Buy," prospective investors may want to consider alternative stocks recommended by top analysts. As the market continues to evolve, keeping an eye on various investment opportunities can be beneficial.

For further insights and expert stock ratings, investors may want to visit Google.

Taiwan, Semiconductor, Investing