Signature Estate & Investment Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,324 shares of the semiconductor company’s stock after buying an additional 422 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,432,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of TSM. Brighton Jones LLC increased its holdings in Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock worth $2,159,000 after purchasing an additional 1,892 shares during the period. GAMMA Investing LLC increased its holdings in Taiwan Semiconductor Manufacturing by 7.0% during the 1st quarter. GAMMA Investing LLC now owns 9,103 shares of the semiconductor company’s stock worth $1,511,000 after purchasing an additional 594 shares during the period. Advisor Resource Council purchased a new position in Taiwan Semiconductor Manufacturing during the 1st quarter worth $649,000. Rappaport Reiches Capital Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 17.9% during the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,742 shares of the semiconductor company’s stock worth $289,000 after purchasing an additional 265 shares during the period. Finally, Manning & Napier Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 18.4% during the 1st quarter. Manning & Napier Advisors LLC now owns 1,257,927 shares of the semiconductor company’s stock worth $208,816,000 after purchasing an additional 195,467 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.
Taiwan Semiconductor Manufacturing Stock Down 1.5%
Taiwan Semiconductor Manufacturing stock opened at $295.37 on Monday. 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 stock has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.02 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. The business has a fifty day moving average price of $262.16 and a 200-day moving average price of $222.45.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be given a $0.8348 dividend. 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. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing’s payout ratio is 26.67%.
Analysts Set New Price Targets
Several research analysts have commented on the company. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, October 8th. Itau BBA Securities initiated coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They set an “outperform” rating on the stock. Susquehanna increased their target price on 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, Needham & Company LLC increased 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. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus price target of $371.67.
Read Our Latest Stock Report on TSM
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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