Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,299 shares of the semiconductor company’s stock after purchasing an additional 379 shares during the period. Great Lakes Retirement Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,831,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Atlantic Edge Private Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at $25,000. Olistico Wealth LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $27,000. Valley Wealth Managers Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $27,000. North Star Investment Management Corp. increased its position in Taiwan Semiconductor Manufacturing by 670.4% during the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 181 shares in the last quarter. Finally, NewSquare Capital LLC purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $200.77 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The company’s fifty day moving average price is $177.14 and its two-hundred day moving average price is $165.51. The firm has a market capitalization of $1.04 trillion, a P/E ratio of 32.17, a P/E/G ratio of 0.96 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.95 and a 12 month high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 0.97%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays increased 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 report on Wednesday. TD Cowen increased 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. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price 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. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $209.00.

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.