Avidian Wealth Enterprises LLC Sells 146 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Avidian Wealth Enterprises LLC lessened its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,048 shares of the semiconductor company’s stock after selling 146 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,050,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. HF Advisory Group LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 55.5% during the 3rd quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock valued at $2,389,000 after purchasing an additional 4,907 shares during the last quarter. Crescent Grove Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $372,000. Focused Wealth Management Inc bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $87,000. Crestwood Advisors Group LLC increased its holdings in Taiwan Semiconductor Manufacturing by 29.3% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,289 shares of the semiconductor company’s stock worth $571,000 after purchasing an additional 745 shares in the last quarter. Finally, Arthur M. Cohen & Associates LLC raised its position in Taiwan Semiconductor Manufacturing by 9.7% in the third quarter. Arthur M. Cohen & Associates LLC now owns 9,107 shares of the semiconductor company’s stock valued at $1,567,000 after purchasing an additional 807 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 1.2 %

NYSE:TSM opened at $193.39 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $91.60 and a 52 week high of $212.60. The firm’s fifty day moving average is $181.89 and its 200-day moving average is $169.35. The firm has a market cap of $1.00 trillion, a P/E ratio of 30.99, a P/E/G ratio of 0.93 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TSM shares. Barclays upped 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, October 23rd. Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. TD Cowen lifted their price target 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. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing 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.