Schubert & Co purchased a new position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,168 shares of the semiconductor company’s stock, valued at approximately $491,000.
Other hedge funds also recently modified their holdings of the company. Alliance Wealth Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 2.4% in the second quarter. Alliance Wealth Advisors LLC now owns 1,815 shares of the semiconductor company’s stock valued at $411,000 after acquiring an additional 43 shares during the last quarter. Pflug Koory LLC grew its position in Taiwan Semiconductor Manufacturing by 3.9% in the second quarter. Pflug Koory LLC now owns 1,133 shares of the semiconductor company’s stock valued at $257,000 after acquiring an additional 43 shares during the last quarter. Frazier Financial Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 9.1% in the second quarter. Frazier Financial Advisors LLC now owns 517 shares of the semiconductor company’s stock valued at $117,000 after acquiring an additional 43 shares during the last quarter. Westmount Partners LLC grew its position in Taiwan Semiconductor Manufacturing by 2.2% in the second quarter. Westmount Partners LLC now owns 2,126 shares of the semiconductor company’s stock valued at $481,000 after acquiring an additional 45 shares during the last quarter. Finally, Mirador Capital Partners LP grew its position in Taiwan Semiconductor Manufacturing by 2.6% in the second quarter. Mirador Capital Partners LP now owns 1,785 shares of the semiconductor company’s stock valued at $404,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Performance
NYSE:TSM opened at $295.37 on Friday. The stock’s 50-day moving average is $262.16 and its 200-day moving average is $222.00. 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 stock has a market cap of $1.53 trillion, a P/E ratio of 30.29, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $311.37.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently disclosed 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 is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, December 11th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 26.97%.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Needham & Company LLC lifted their target price on Taiwan Semiconductor Manufacturing from $270.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Itau BBA Securities began coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They set an “outperform” rating on the stock. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.67.
Read Our Latest Research Report on TSM
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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