Venturi Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,684 shares of the semiconductor company’s stock after buying an additional 828 shares during the quarter. Venturi Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,911,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BankPlus Trust Department boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.7% in the 2nd quarter. BankPlus Trust Department now owns 8,170 shares of the semiconductor company’s stock worth $1,850,000 after purchasing an additional 53 shares during the period. Canopy Partners LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.6% in the 2nd quarter. Canopy Partners LLC now owns 10,576 shares of the semiconductor company’s stock worth $2,395,000 after purchasing an additional 364 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 12.9% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 16,150 shares of the semiconductor company’s stock worth $3,658,000 after purchasing an additional 1,848 shares during the period. TriaGen Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $245,000. Finally, Joel Isaacson & Co. LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 13.8% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 4,136 shares of the semiconductor company’s stock worth $937,000 after purchasing an additional 503 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Trading Down 2.7%
Shares of NYSE TSM opened at $294.18 on Wednesday. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $252.59 and a two-hundred day simple moving average of $214.99. The firm has a market cap of $1.53 trillion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 1.44 and a beta of 1.28. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $307.30.
Taiwan Semiconductor Manufacturing Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be given a dividend of $0.8348 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $3.34 dividend on an annualized basis and a yield of 1.1%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 29.65%.
Analysts Set New Price Targets
A number of equities analysts have recently commented on TSM shares. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $275.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Itau BBA Securities began coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday. They issued an “outperform” rating for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Saturday, September 27th. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Sunday, August 31st. Finally, Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a “positive” rating in a report on Monday, July 14th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $286.67.
View Our Latest Report 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.
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