Astoria Portfolio Advisors LLC. bought a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 905 shares of the semiconductor company’s stock, valued at approximately $219,000.
Other large investors have also recently bought and sold shares of the company. 1248 Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $28,000. Graybill Wealth Management LTD. bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $33,000. Vision Financial Markets LLC bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $33,000. Keener Financial Planning LLC bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $39,000. Finally, Hemington Wealth Management raised its holdings in Taiwan Semiconductor Manufacturing by 78.2% in the 1st quarter. Hemington Wealth Management now owns 253 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 111 shares during the period. 16.51% of the stock is owned by institutional investors.
Taiwan Semiconductor Manufacturing Stock Performance
Shares of NYSE:TSM opened at $303.14 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $307.30. The stock has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 34.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28. 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 company’s 50 day simple moving average is $257.20 and its 200 day simple moving average is $218.72.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently announced 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. The ex-dividend date is Thursday, December 11th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. This represents a $3.34 annualized dividend and a yield of 1.1%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 29.65%.
Wall Street Analysts Forecast Growth
TSM has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 8th. Wall Street Zen raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Sunday, August 31st. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a report on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Finally, Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $333.33.
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.
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