Artemis Wealth Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 33,000 shares of the semiconductor company’s stock, valued at approximately $7,474,000. Taiwan Semiconductor Manufacturing comprises about 0.8% of Artemis Wealth Advisors LLC’s portfolio, making the stock its 9th largest holding.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. FWG Holdings LLC increased its holdings in Taiwan Semiconductor Manufacturing by 5.4% in the 2nd quarter. FWG Holdings LLC now owns 5,023 shares of the semiconductor company’s stock valued at $1,201,000 after acquiring an additional 257 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $234,000. NewSquare Capital LLC raised its stake in Taiwan Semiconductor Manufacturing by 77.0% during the second quarter. NewSquare Capital LLC now owns 407 shares of the semiconductor company’s stock valued at $92,000 after purchasing an additional 177 shares in the last quarter. Elyxium Wealth LLC raised its stake in Taiwan Semiconductor Manufacturing by 6.1% during the second quarter. Elyxium Wealth LLC now owns 6,913 shares of the semiconductor company’s stock valued at $1,566,000 after purchasing an additional 397 shares in the last quarter. Finally, Magnolia Capital Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 6.0% during the second quarter. Magnolia Capital Advisors LLC now owns 2,546 shares of the semiconductor company’s stock valued at $577,000 after purchasing an additional 145 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.
Taiwan Semiconductor Manufacturing Stock Performance
Shares of NYSE:TSM opened at $293.58 on Wednesday. The company has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 30.11, a PEG ratio of 1.02 and a beta of 1.28. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $311.37. The firm’s 50-day moving average is $276.74 and its 200 day moving average is $235.33. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20.
Taiwan Semiconductor Manufacturing Increases Dividend
The company also recently declared 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. This represents a $3.34 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, December 11th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing’s payout ratio is currently 26.97%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on TSM shares. Itau BBA Securities started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They issued an “outperform” rating on the stock. Susquehanna boosted their target price 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. Barclays boosted their price objective 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. Needham & Company LLC reissued a “buy” rating and set a $360.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Finally, Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $371.67.
Check Out Our Latest Stock Analysis on Taiwan Semiconductor Manufacturing
About Taiwan Semiconductor Manufacturing
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.
Read More
- Five stocks we like better than Taiwan Semiconductor Manufacturing
- The How And Why of Investing in Oil Stocks
- 3 Potential Scenarios to Watch for in D-Wave’s Earnings Report
- Most active stocks: Dollar volume vs share volume
- Eli Lilly Posts Stellar Q3: Long-Term Upside Is Well in Play
- What is a Dividend King?
- Uber Is Crushing Lyft—And It’s Not Even Close
Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report).
Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.
