Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Up 0.6% - Still a Buy?

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) was up 0.6% during trading on Tuesday . The company traded as high as $197.29 and last traded at $195.82. Approximately 4,742,530 shares traded hands during trading, a decline of 69% from the average daily volume of 15,541,691 shares. The stock had previously closed at $194.68.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TSM shares. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a "hold" rating in a research note on Thursday, July 18th. Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The firm's 50 day simple moving average is $178.58 and its 200-day simple moving average is $166.78. The company has a market cap of $1.02 trillion, a price-to-earnings ratio of 37.30, a PEG ratio of 0.98 and a beta of 1.14.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's payout ratio is 36.95%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. GFS Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 5.1% during the 3rd quarter. GFS Advisors LLC now owns 1,617 shares of the semiconductor company's stock worth $281,000 after acquiring an additional 79 shares during the period. Latitude Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.6% during the 3rd quarter. Latitude Advisors LLC now owns 3,330 shares of the semiconductor company's stock worth $578,000 after acquiring an additional 116 shares during the period. Private Wealth Partners LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 18.6% during the 3rd quarter. Private Wealth Partners LLC now owns 2,545 shares of the semiconductor company's stock worth $442,000 after acquiring an additional 400 shares during the period. Princeton Global Asset Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 101,959 shares of the semiconductor company's stock worth $17,707,000 after acquiring an additional 2,941 shares during the period. Finally, Argonautica Private Wealth Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.6% during the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 6,146 shares of the semiconductor company's stock worth $1,067,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

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 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.