Peregrine Asset Advisers Inc. bought a new position in  Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 1,048 shares of the semiconductor company’s stock, valued at approximately $237,000. 
Other institutional investors have also bought and sold shares of the company. 1248 Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $28,000. Graybill Wealth Management LTD. bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $33,000. Vision Financial Markets LLC bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $33,000. Mid American Wealth Advisory Group Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth $33,000. Finally, First Command Advisory Services Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 174.1% during the second 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 in the last quarter. Institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Performance
NYSE:TSM opened at $300.49 on Monday. The stock has a market cap of $1.56 trillion, a P/E ratio of 30.82, a PEG ratio of 1.02 and a beta of 1.28. 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 business’s 50-day moving average price is $274.26 and its two-hundred day moving average price is $233.26.
Taiwan Semiconductor Manufacturing Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be issued a dividend of $0.8348 per share. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing’s payout ratio is 26.97%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on TSM. Needham & Company LLC reaffirmed a “buy” rating and set a $360.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 27th. Weiss Ratings upgraded Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Itau BBA Securities started coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They issued an “outperform” rating for the company. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Finally, Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $371.67.
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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