Wealthstream Advisors Inc. increased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 13.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,915 shares of the semiconductor company’s stock after acquiring an additional 694 shares during the quarter. Wealthstream Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,340,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of TSM. Brighton Jones LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock valued at $2,159,000 after buying an additional 1,892 shares during the last quarter. GAMMA Investing LLC increased its holdings in Taiwan Semiconductor Manufacturing by 7.0% in the 1st quarter. GAMMA Investing LLC now owns 9,103 shares of the semiconductor company’s stock worth $1,511,000 after buying an additional 594 shares during the period. CWA Asset Management Group LLC increased its holdings in Taiwan Semiconductor Manufacturing by 46.5% in the 1st quarter. CWA Asset Management Group LLC now owns 3,170 shares of the semiconductor company’s stock worth $526,000 after buying an additional 1,006 shares during the period. United Advisor Group LLC increased its holdings in Taiwan Semiconductor Manufacturing by 43.7% in the 1st quarter. United Advisor Group LLC now owns 1,503 shares of the semiconductor company’s stock worth $249,000 after buying an additional 457 shares during the period. Finally, Spirit of America Management Corp NY increased its holdings in Taiwan Semiconductor Manufacturing by 100.0% in the 1st quarter. Spirit of America Management Corp NY now owns 600 shares of the semiconductor company’s stock worth $100,000 after buying an additional 300 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.
Taiwan Semiconductor Manufacturing Stock Performance
Shares of Taiwan Semiconductor Manufacturing stock opened at $295.37 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $311.37. The company has a market cap of $1.53 trillion, a PE ratio of 30.29, a P/E/G ratio of 1.41 and a beta of 1.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.15 and a current ratio of 2.37. The business has a 50-day simple moving average of $262.16 and a 200-day simple moving average of $222.00.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be issued a $0.8348 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 1.1%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, December 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 26.97%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on TSM. Wall Street Zen raised shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Susquehanna lifted their target price 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, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 8th. Needham & Company LLC lifted their price target on Taiwan Semiconductor Manufacturing from $270.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. Five equities research 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 an average rating of “Moderate Buy” and an average target price of $371.67.
Check Out Our Latest Report on TSM
About Taiwan Semiconductor Manufacturing
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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