RBA Wealth Management LLC Acquires 21,013 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

RBA Wealth Management LLC raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1,780.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,193 shares of the semiconductor company’s stock after acquiring an additional 21,013 shares during the quarter. RBA Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,854,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Defender Capital LLC. boosted its stake in Taiwan Semiconductor Manufacturing by 3.7% in the third quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock valued at $272,000 after acquiring an additional 56 shares during the last quarter. Seed Wealth Management Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 1.3% in the second quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock worth $792,000 after purchasing an additional 57 shares during the period. Keudell Morrison Wealth Management raised its holdings in Taiwan Semiconductor Manufacturing by 1.5% in the second quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 59 shares during the period. Heron Bay Capital Management raised its holdings in Taiwan Semiconductor Manufacturing by 1.0% in the second quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company’s stock worth $992,000 after purchasing an additional 59 shares during the period. Finally, Azzad Asset Management Inc. ADV raised its holdings in Taiwan Semiconductor Manufacturing by 0.4% in the third quarter. Azzad Asset Management Inc. ADV now owns 14,166 shares of the semiconductor company’s stock worth $2,460,000 after purchasing an additional 63 shares during the period. 16.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TSM shares. TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Down 1.5 %

Shares of NYSE:TSM traded down $3.11 during midday trading on Tuesday, reaching $198.84. 9,504,280 shares of the company were exchanged, compared to its average volume of 15,596,905. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $212.60. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $176.00 and a two-hundred day simple moving average of $164.86. The firm has a market cap of $1.03 trillion, a PE ratio of 31.82, a P/E/G ratio of 1.16 and a beta of 1.14.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.98%. This is a positive change 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 (DPR) is presently 31.57%.

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.