Pflug Koory LLC grew its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 3.9% during the second quarter, HoldingsChannel reports. The fund owned 1,133 shares of the semiconductor company’s stock after purchasing an additional 43 shares during the period. Pflug Koory LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $257,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. grew its stake in Taiwan Semiconductor Manufacturing by 1.8% during the 2nd quarter. QRG Capital Management Inc. now owns 113,957 shares of the semiconductor company’s stock worth $25,810,000 after buying an additional 2,042 shares during the last quarter. WT Asset Management Ltd purchased a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $272,451,000. Matthews International Capital Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 3.7% during the 2nd quarter. Matthews International Capital Management LLC now owns 46,452 shares of the semiconductor company’s stock worth $10,521,000 after buying an additional 1,662 shares during the last quarter. Segment Wealth Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 3.8% during the 2nd quarter. Segment Wealth Management LLC now owns 4,592 shares of the semiconductor company’s stock worth $1,040,000 after buying an additional 170 shares during the last quarter. Finally, Jackson Wealth Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 3.4% during the 2nd quarter. Jackson Wealth Management LLC now owns 24,082 shares of the semiconductor company’s stock worth $5,454,000 after buying an additional 786 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Up 1.5%
TSM opened at $292.42 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 $250.34 and a 200-day simple moving average of $213.03. The stock has a market capitalization of $1.52 trillion, a P/E ratio of 33.34, a P/E/G ratio of 1.37 and a beta of 1.28. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $296.72.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be issued a $0.8348 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $3.34 annualized dividend 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 payout ratio is 29.99%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on TSM. Susquehanna raised their price target on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a “positive” rating in a research note on Monday, July 14th. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. Needham & Company LLC restated a “buy” rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Saturday, September 27th. Finally, Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $275.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.67.
Read Our Latest Stock Analysis 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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