Family Capital Management Inc. acquired a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,126 shares of the semiconductor company’s stock, valued at approximately $255,000.
Several other institutional investors and hedge funds have also recently modified their holdings of TSM. Brighton Jones LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock valued at $2,159,000 after purchasing an additional 1,892 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 7.0% in the first quarter. GAMMA Investing LLC now owns 9,103 shares of the semiconductor company’s stock valued at $1,511,000 after purchasing an additional 594 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 14.3% in the first quarter. Flagship Harbor Advisors LLC now owns 3,578 shares of the semiconductor company’s stock valued at $594,000 after purchasing an additional 449 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.0% in the first quarter. JFS Wealth Advisors LLC now owns 2,463 shares of the semiconductor company’s stock valued at $409,000 after purchasing an additional 95 shares during the last quarter. Finally, XML Financial LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 3.2% in the first quarter. XML Financial LLC now owns 2,746 shares of the semiconductor company’s stock valued at $456,000 after purchasing an additional 86 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Trading Down 1.1%
TSM opened at $294.53 on Wednesday. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $311.37. The company has a 50-day simple moving average of $264.29 and a 200 day simple moving average of $224.00. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 1.00 and a beta of 1.28.
Taiwan Semiconductor Manufacturing Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be given a dividend of $0.8348 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. This represents a $3.34 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, December 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 26.97%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on TSM. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday. Needham & Company LLC boosted their target price on shares of Taiwan Semiconductor Manufacturing from $270.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, October 8th. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Finally, Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research 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’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $371.67.
View Our Latest 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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