Brookwood Investment Group LLC trimmed its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 49.3% during the second quarter, HoldingsChannel reports. The firm owned 3,794 shares of the semiconductor company’s stock after selling 3,686 shares during the period. Brookwood Investment Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $859,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of TSM. 1248 Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $28,000. Graybill Wealth Management LTD. purchased a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $33,000. Vision Financial Markets LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $33,000. Mid American Wealth Advisory Group Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $33,000. Finally, First Command Advisory Services Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 174.1% during the 2nd quarter. First Command Advisory Services Inc. now owns 159 shares of the semiconductor company’s stock worth $36,000 after buying an additional 101 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.
Taiwan Semiconductor Manufacturing Stock Up 1.1%
Taiwan Semiconductor Manufacturing stock opened at $298.31 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $311.37. 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 has a 50 day moving average price of $268.50 and a 200 day moving average price of $228.57. The company has a market capitalization of $1.55 trillion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 0.99 and a beta of 1.28.
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 26.97%.
Wall Street Analysts Forecast Growth
TSM has been the subject of a number of recent analyst reports. Susquehanna raised their price target on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 17th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Weiss Ratings upgraded shares of Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Finally, Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 18th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $371.67.
Read Our Latest Stock Report 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.
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