DSM Capital Partners LLC lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,037 shares of the semiconductor company’s stock after selling 561 shares during the period. Taiwan Semiconductor Manufacturing accounts for 0.1% of DSM Capital Partners LLC’s portfolio, making the stock its 27th largest holding. DSM Capital Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $9,521,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cross Staff Investments Inc acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $236,000. Inspire Investing LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $983,000. SLT Holdings LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 4.9% in the second quarter. SLT Holdings LLC now owns 2,249 shares of the semiconductor company’s stock worth $509,000 after acquiring an additional 106 shares during the last quarter. Williams & Novak LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 265.2% in the second quarter. Williams & Novak LLC now owns 5,044 shares of the semiconductor company’s stock worth $1,143,000 after acquiring an additional 3,663 shares during the last quarter. Finally, Aberdeen Group plc grew its stake in shares of Taiwan Semiconductor Manufacturing by 13.7% in the second quarter. Aberdeen Group plc now owns 434,914 shares of the semiconductor company’s stock worth $98,926,000 after acquiring an additional 52,436 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Down 6.3%
TSM opened at $281.08 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $307.30. 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 firm’s fifty day moving average price is $255.91 and its two-hundred day moving average price is $217.11. The company has a market capitalization of $1.46 trillion, a P/E ratio of 32.05, a P/E/G ratio of 1.43 and a beta of 1.28.
Taiwan Semiconductor Manufacturing Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be issued a $0.8348 dividend. This represents a $3.34 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 11th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing’s payout ratio is currently 29.65%.
Wall Street Analysts Forecast Growth
TSM has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday. Itau BBA Securities initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. They issued an “outperform” rating on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday. Finally, Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a research note on Friday. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $333.33.
View Our Latest Stock Report on Taiwan Semiconductor Manufacturing
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.
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