Phoenix Financial Ltd. increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 4.3% during the second quarter, Holdings Channel.com reports. The fund owned 465,350 shares of the semiconductor company’s stock after buying an additional 19,272 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 1.4% of Phoenix Financial Ltd.’s holdings, making the stock its 22nd biggest position. Phoenix Financial Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $105,464,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of TSM. Brighton Jones LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock worth $2,159,000 after buying an additional 1,892 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 7.0% in the 1st quarter. GAMMA Investing LLC now owns 9,103 shares of the semiconductor company’s stock worth $1,511,000 after buying an additional 594 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 3.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 217,021 shares of the semiconductor company’s stock worth $36,026,000 after buying an additional 8,083 shares during the last quarter. Live Oak Private Wealth LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 0.6% in the 1st quarter. Live Oak Private Wealth LLC now owns 23,290 shares of the semiconductor company’s stock worth $3,866,000 after buying an additional 130 shares during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 14.3% in the 1st quarter. Flagship Harbor Advisors LLC now owns 3,578 shares of the semiconductor company’s stock worth $594,000 after buying an additional 449 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Stock Up 1.0%
TSM stock opened at $297.92 on Tuesday. The firm has a market cap of $1.55 trillion, a PE ratio of 30.56, a PEG ratio of 1.02 and a beta of 1.28. 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 firm’s 50 day moving average price is $263.28 and its 200-day moving average price is $223.51. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $311.37.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be issued a $0.8348 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, December 11th. This represents a $3.34 annualized dividend and a yield of 1.1%. Taiwan Semiconductor Manufacturing’s payout ratio is 26.67%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Needham & Company LLC lifted their price objective on Taiwan Semiconductor Manufacturing from $270.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 8th. Itau BBA Securities began coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They issued an “outperform” rating on the stock. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Susquehanna raised 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 note on Friday, October 10th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently 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 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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