Defender Capital LLC. bought a new position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) in the 2nd quarter, Holdings Channel reports. The firm bought 1,000 shares of the semiconductor company’s stock, valued at approximately $226,000.
Several other large investors have also recently made changes to their positions in the stock. Alliance Wealth Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 2.4% in the 2nd quarter. Alliance Wealth Advisors LLC now owns 1,815 shares of the semiconductor company’s stock worth $411,000 after acquiring an additional 43 shares in the last quarter. Pflug Koory LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 3.9% in the 2nd quarter. Pflug Koory LLC now owns 1,133 shares of the semiconductor company’s stock worth $257,000 after acquiring an additional 43 shares in the last quarter. Westmount Partners LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 2.2% in the 2nd quarter. Westmount Partners LLC now owns 2,126 shares of the semiconductor company’s stock worth $481,000 after acquiring an additional 45 shares in the last quarter. Mirador Capital Partners LP raised its position in shares of Taiwan Semiconductor Manufacturing by 2.6% in the 2nd quarter. Mirador Capital Partners LP now owns 1,785 shares of the semiconductor company’s stock worth $404,000 after acquiring an additional 45 shares in the last quarter. Finally, Matisse Capital raised its position in shares of Taiwan Semiconductor Manufacturing by 1.3% in the 2nd quarter. Matisse Capital now owns 3,607 shares of the semiconductor company’s stock worth $817,000 after acquiring an additional 46 shares in the last quarter. 16.51% of the stock is owned by institutional investors.
Taiwan Semiconductor Manufacturing Stock Up 8.0%
Taiwan Semiconductor Manufacturing stock opened at $303.14 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.15 and a current ratio of 2.37. The business’s 50-day simple moving average is $257.20 and its two-hundred day simple moving average is $218.72. The company has a market cap of $1.57 trillion, a PE ratio of 34.57, a PEG ratio of 1.34 and a beta of 1.28. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $307.30.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders 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 is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. This represents a $3.34 dividend on an annualized basis and a yield of 1.1%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 29.65%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on TSM shares. Needham & Company LLC reissued a “buy” rating and issued a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Susquehanna upped 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. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $333.33.
Read Our Latest Analysis on Taiwan Semiconductor Manufacturing
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.
Read More
- Five stocks we like better than Taiwan Semiconductor Manufacturing
- Where to Find Earnings Call Transcripts
- FICO’s Big Dip Could Be the Best Buying Chance of the Year
- What Do S&P 500 Stocks Tell Investors About the Market?
- D-Wave: Reevaluating the Short Seller’s Case After the Downgrade
- 3 REITs to Buy and Hold for the Long Term
- Datavault: A Speculative AI Play, But Beware of Volatility
Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report).
Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.