Harbor Asset Planning Inc. bought a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 349 shares of the semiconductor company’s stock, valued at approximately $79,000.
A number of other large investors have also added to or reduced their stakes in the stock. Bellecapital International Ltd. increased its holdings in Taiwan Semiconductor Manufacturing by 808.2% during the second quarter. Bellecapital International Ltd. now owns 112,081 shares of the semiconductor company’s stock worth $25,385,000 after buying an additional 99,740 shares during the last quarter. Barlow Wealth Partners Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 2,246.8% during the second quarter. Barlow Wealth Partners Inc. now owns 81,482 shares of the semiconductor company’s stock worth $19,034,000 after buying an additional 78,010 shares during the last quarter. Activest Wealth Management increased its holdings in Taiwan Semiconductor Manufacturing by 890.0% during the second quarter. Activest Wealth Management now owns 495 shares of the semiconductor company’s stock worth $112,000 after buying an additional 445 shares during the last quarter. WCM Investment Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 3.3% during the second quarter. WCM Investment Management LLC now owns 10,058,659 shares of the semiconductor company’s stock worth $2,299,108,000 after buying an additional 324,615 shares during the last quarter. Finally, Evernest Financial Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth about $305,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Price Performance
Shares of NYSE:TSM opened at $299.63 on Friday. The company has a 50-day moving average price of $261.09 and a two-hundred day moving average price of $220.77. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $311.37. The firm has a market capitalization of $1.55 trillion, a PE ratio of 34.17, a P/E/G ratio of 1.46 and a beta of 1.28.
Taiwan Semiconductor Manufacturing Increases Dividend
The company 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%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, December 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 29.65%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on TSM. Needham & Company LLC raised their price objective on shares of Taiwan Semiconductor Manufacturing from $270.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 8th. Itau BBA Securities started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They set an “outperform” rating for the company. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Finally, Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $363.33.
Check Out Our Latest Report on Taiwan Semiconductor Manufacturing
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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