Cumberland Partners Ltd Purchases 6,880 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cumberland Partners Ltd grew its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 15.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 50,877 shares of the semiconductor company’s stock after acquiring an additional 6,880 shares during the period. Cumberland Partners Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $4,864,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Financial Perspectives Inc raised its position in Taiwan Semiconductor Manufacturing by 1.0% during the 4th quarter. Financial Perspectives Inc now owns 31,368 shares of the semiconductor company’s stock worth $3,262,000 after purchasing an additional 302 shares during the last quarter. GAMMA Investing LLC bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $337,000. Parkside Financial Bank & Trust raised its position in Taiwan Semiconductor Manufacturing by 25.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,650 shares of the semiconductor company’s stock worth $172,000 after purchasing an additional 336 shares during the last quarter. Stockman Wealth Management Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $256,000. Finally, New York State Common Retirement Fund raised its position in Taiwan Semiconductor Manufacturing by 1.7% during the 4th quarter. New York State Common Retirement Fund now owns 2,487,794 shares of the semiconductor company’s stock worth $258,731,000 after purchasing an additional 42,044 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 2.9 %

Shares of TSM stock traded up $3.74 during mid-day trading on Tuesday, hitting $133.49. The company’s stock had a trading volume of 12,526,720 shares, compared to its average volume of 15,867,648. The company’s fifty day simple moving average is $136.61 and its 200-day simple moving average is $114.01. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $81.21 and a 52 week high of $158.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The company has a market cap of $692.33 billion, a PE ratio of 25.43, a P/E/G ratio of 0.92 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.32%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

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.