Taiwan Semiconductor Manufacturing (NYSE:TSM) Trading Down 1.4% - Time to Sell?

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) fell 1.4% during mid-day trading on Wednesday . The company traded as low as $192.61 and last traded at $194.27. 3,782,516 shares were traded during mid-day trading, a decline of 76% from the average session volume of 15,528,727 shares. The stock had previously closed at $196.94.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of recent analyst reports. Barclays upped their price objective on 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 raised their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a "hold" rating in a report on Thursday, July 18th. Needham & Company LLC reiterated a "buy" rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Price Performance

The stock's 50 day moving average price is $179.54 and its two-hundred day moving average price is $167.35. The stock has a market cap of $1.01 trillion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 0.98 and a beta of 1.14. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders 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 dividend yield of 1.00%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 36.95%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Several institutional investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $361,000. Miracle Mile Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing in the first quarter valued at about $227,000. Claro Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 9.8% during the first quarter. Claro Advisors LLC now owns 2,515 shares of the semiconductor company's stock valued at $342,000 after acquiring an additional 225 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 36.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 18,401 shares of the semiconductor company's stock valued at $2,503,000 after acquiring an additional 4,883 shares during the period. Finally, Norden Group LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $3,901,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

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.