Perfromance Wealth Partners LLC bought a new position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,206 shares of the semiconductor company’s stock, valued at approximately $273,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Axxcess Wealth Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 14.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 23,038 shares of the semiconductor company’s stock worth $5,195,000 after buying an additional 2,865 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $322,000. Jag Capital Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 5.2% during the 2nd quarter. Jag Capital Management LLC now owns 44,925 shares of the semiconductor company’s stock valued at $10,175,000 after purchasing an additional 2,229 shares in the last quarter. Cornerstone Wealth Group LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 6.4% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,146 shares of the semiconductor company’s stock valued at $486,000 after purchasing an additional 129 shares in the last quarter. Finally, Defender Capital LLC. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $226,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Performance
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 firm’s fifty day simple moving average is $257.20 and its 200 day simple moving average is $218.72. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.57 trillion, a PE ratio of 34.57, a PEG ratio of 1.34 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. Investors of record on Thursday, December 11th will be paid a $0.8348 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, December 11th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 29.65%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the stock. Susquehanna raised their price target on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a report on Friday. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 8th. Needham & Company LLC restated a “buy” rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Finally, Itau BBA Securities assumed coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They set an “outperform” rating on the stock. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $333.33.
Get Our Latest Research 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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