IFG Advisory LLC trimmed its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,578 shares of the semiconductor company’s stock after selling 219 shares during the quarter. IFG Advisory LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,263,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its position in Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock valued at $2,159,000 after purchasing an additional 1,892 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 47.3% during the first quarter. Golden State Wealth Management LLC now owns 2,275 shares of the semiconductor company’s stock worth $378,000 after purchasing an additional 731 shares during the period. Private Trust Co. NA grew its stake in Taiwan Semiconductor Manufacturing by 22.2% during the first quarter. Private Trust Co. NA now owns 3,147 shares of the semiconductor company’s stock worth $522,000 after purchasing an additional 572 shares during the period. Novem Group raised its position in shares of Taiwan Semiconductor Manufacturing by 85.0% during the first quarter. Novem Group now owns 1,752 shares of the semiconductor company’s stock worth $291,000 after purchasing an additional 805 shares during the period. Finally, Mutual Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 22.5% during the first quarter. Mutual Advisors LLC now owns 9,077 shares of the semiconductor company’s stock valued at $1,499,000 after buying an additional 1,665 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.
Taiwan Semiconductor Manufacturing Stock Performance
Shares of TSM opened at $300.49 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. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $311.37. The firm has a market capitalization of $1.56 trillion, a P/E ratio of 30.82, a PEG ratio of 1.02 and a beta of 1.28. The business has a fifty day moving average of $274.26 and a 200 day moving average of $232.69.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm 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. The ex-dividend date is Thursday, December 11th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. This represents a $3.34 annualized dividend and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 26.97%.
Analysts Set New Price Targets
A number of brokerages recently commented on TSM. Weiss Ratings upgraded Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Needham & Company LLC restated a “buy” rating and issued a $360.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Wall Street Zen lowered Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 17th. Finally, Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $371.67.
Read Our Latest Analysis on TSM
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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