Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $126.41. Several analysts recently commented on TSM shares. Argus started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 22nd. They set a “buy” rating and a $150.00 target price for the company. Susquehanna raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price objective for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Susquehanna Bancshares raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price objective for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Zacks Investment Research downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, July 17th. Finally, Needham & Company LLC started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, July 13th. They issued a “buy” rating and a $123.05 price objective for the company. Shares of TSM stock traded up $1.82 during midday trading on Friday, hitting $115.36. 221,056 shares of the company were exchanged, compared to its average volume of 11,009,947. The stock has a market cap of $598.27 billion, a price-to-earnings ratio of 30.20, a P/E/G ratio of 1.81 and a beta of 0.90. The company has a quick ratio of 1.49, a current ratio of 1.72 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average price of $117.49. Taiwan Semiconductor Manufacturing has a 52 week low of $75.98 and a 52 week high of $142.20. The company also recently announced a quarterly dividend, which will be paid on Thursday, October 14th. Stockholders of record on Friday, September 17th will be given a $0.3917 dividend. The ex-dividend date of this dividend is Thursday, September 16th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.35. This represents a $1.57 annualized dividend and a dividend yield of 1.36%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 41.59%. Several large investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 3.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,975 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 73 shares in the last quarter. AFT Forsyth & Company Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 3.9% in the 1st quarter. AFT Forsyth & Company Inc. now owns 2,410 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 90 shares in the last quarter. Cloverfields Capital Group LP raised its position in shares of Taiwan Semiconductor Manufacturing by 1.8% in the 1st quarter. Cloverfields Capital Group LP now owns 5,386 shares of the semiconductor company’s stock valued at $637,000 after buying an additional 97 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 51.9% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 284 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 97 shares in the last quarter. Finally, JNBA Financial Advisors raised its position in shares of Taiwan Semiconductor Manufacturing by 12.5% in the 1st quarter. JNBA Financial Advisors now owns 902 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 100 shares in the last quarter. Institutional investors own 17.19% of the company’s stock. Taiwan Semiconductor Manufacturing Company Profile Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras. Read More: Put Option Volume Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with [MarketBeat.com's FREE daily email newsletter](/daily-email-updates-basic/?symbol=NYSE:TSM&c=Taiwan+Semiconductor+Manufacturing) .