Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by RAM Investment Partners LLC

RAM Investment Partners LLC trimmed its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,071 shares of the semiconductor company’s stock after selling 69 shares during the quarter. RAM Investment Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. RFG Advisory LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 17.1% in the 1st quarter. RFG Advisory LLC now owns 2,635 shares of the semiconductor company’s stock valued at $359,000 after purchasing an additional 385 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 375.6% during the first quarter. Sunbelt Securities Inc. now owns 5,251 shares of the semiconductor company’s stock worth $714,000 after acquiring an additional 4,147 shares during the period. Brookstone Capital Management raised its position in Taiwan Semiconductor Manufacturing by 12.0% in the first quarter. Brookstone Capital Management now owns 7,436 shares of the semiconductor company’s stock worth $1,012,000 after acquiring an additional 798 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 68.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 4,546 shares of the semiconductor company’s stock worth $618,000 after purchasing an additional 1,842 shares in the last quarter. Finally, Procyon Advisors LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 125.7% during the 1st quarter. Procyon Advisors LLC now owns 16,464 shares of the semiconductor company’s stock worth $2,240,000 after purchasing an additional 9,169 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $200.77 on Thursday. The stock’s 50 day moving average price is $177.14 and its 200 day moving average price is $165.51. The firm has a market cap of $1.04 trillion, a P/E ratio of 32.17, a PEG ratio of 0.96 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.95 and a 1 year high of $212.60.

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 paid a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.97%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

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.