Parsons Capital Management Inc. RI lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 4.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,144 shares of the semiconductor company’s stock after selling 510 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Taiwan Semiconductor Manufacturing were worth $2,750,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the business. Pure Financial Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 61.7% in the second quarter. Pure Financial Advisors LLC now owns 5,492 shares of the semiconductor company’s stock valued at $1,244,000 after acquiring an additional 2,095 shares during the period. BSW Wealth Partners boosted its position in shares of Taiwan Semiconductor Manufacturing by 2.8% in the second quarter. BSW Wealth Partners now owns 9,717 shares of the semiconductor company’s stock valued at $2,201,000 after acquiring an additional 265 shares during the period. BOCHK Asset Management Ltd boosted its position in shares of Taiwan Semiconductor Manufacturing by 173.2% in the second quarter. BOCHK Asset Management Ltd now owns 7,493 shares of the semiconductor company’s stock valued at $1,697,000 after acquiring an additional 4,750 shares during the period. NRI Wealth Management LC boosted its position in shares of Taiwan Semiconductor Manufacturing by 2.2% in the second quarter. NRI Wealth Management LC now owns 8,477 shares of the semiconductor company’s stock valued at $1,920,000 after acquiring an additional 184 shares during the period. Finally, Precision Wealth Strategies LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $439,000. 16.51% of the stock is owned by institutional investors.
Taiwan Semiconductor Manufacturing Stock Performance
Taiwan Semiconductor Manufacturing stock opened at $288.75 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.15. The stock has a fifty day moving average price of $248.47 and a two-hundred day moving average price of $211.44. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $134.25 and a 52-week high of $290.48. The firm has a market capitalization of $1.50 trillion, a P/E ratio of 32.92, a P/E/G ratio of 1.33 and a beta of 1.28.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be paid a dividend of $0.8348 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. This represents a $3.34 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, December 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 29.42%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on TSM shares. Needham & Company LLC reissued a “buy” rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $275.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Finally, Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a “positive” rating in a research note on Monday, July 14th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $286.67.
Get Our Latest Stock Analysis on Taiwan Semiconductor Manufacturing
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.
Further Reading
- Five stocks we like better than Taiwan Semiconductor Manufacturing
- Ride Out The Recession With These Dividend Kings
- Datavault AI: The New AI Contender Backed by Big Funding
- Utilities Stocks Explained – How and Why to Invest in Utilities
- CoreWeave: Why the New King of AI Infrastructure Has Room to Run
- How to Most Effectively Use the MarketBeat Earnings Screener
- Top 3 Dividend Achievers for October: High Yields, Growth Ahead
Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report).
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.