Crux Wealth Advisors grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 28.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,396 shares of the semiconductor company’s stock after purchasing an additional 1,877 shares during the quarter. Crux Wealth Advisors’ holdings in Taiwan Semiconductor Manufacturing were worth $1,902,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. 1248 Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the first quarter worth approximately $28,000. Graybill Wealth Management LTD. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth $33,000. Vision Financial Markets LLC bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth $33,000. Keener Financial Planning LLC purchased a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $39,000. Finally, Hemington Wealth Management grew its holdings in Taiwan Semiconductor Manufacturing by 78.2% during the first quarter. Hemington Wealth Management now owns 253 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Price Performance
NYSE:TSM opened at $295.37 on Friday. 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 business has a 50 day simple moving average of $262.16 and a 200-day simple moving average of $222.00. The firm has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 30.29, a PEG 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be paid a dividend of $0.8348 per share. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 26.97%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on TSM. Needham & Company LLC raised their price objective on Taiwan Semiconductor Manufacturing from $270.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday. Wall Street Zen raised shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “strong-buy” rating in a report on Saturday. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, October 8th. Finally, Susquehanna increased their price objective 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. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $371.67.
View Our Latest Stock 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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