EFG Asset Management Americas Corp. boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 8.7% in the second quarter, HoldingsChannel reports. The fund owned 17,421 shares of the semiconductor company’s stock after acquiring an additional 1,390 shares during the period. EFG Asset Management Americas Corp.’s holdings in Taiwan Semiconductor Manufacturing were worth $3,946,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Real Talk Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $246,000. Quilter Plc increased its position in Taiwan Semiconductor Manufacturing by 0.6% during the 2nd quarter. Quilter Plc now owns 628,840 shares of the semiconductor company’s stock valued at $142,426,000 after buying an additional 3,955 shares in the last quarter. Empirical Finance LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at $4,704,000. Nicholas Wealth LLC. boosted its holdings in Taiwan Semiconductor Manufacturing by 14.9% in the second quarter. Nicholas Wealth LLC. now owns 1,665 shares of the semiconductor company’s stock worth $377,000 after acquiring an additional 216 shares in the last quarter. Finally, Alteri Wealth LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 16.5% in the second quarter. Alteri Wealth LLC now owns 1,677 shares of the semiconductor company’s stock worth $380,000 after acquiring an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Trading Up 1.7%
Shares of NYSE:TSM opened at $282.53 on Thursday. 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 stock has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 28.98, a PEG ratio of 1.02 and a beta of 1.31. The stock’s 50-day simple moving average is $287.14 and its two-hundred day simple moving average is $244.34. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $134.25 and a 52-week high of $311.37.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.9678 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. This represents a $3.87 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 17th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 26.97%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on TSM. Barclays upped their price target 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, October 17th. Needham & Company LLC reiterated a “buy” rating and set a $360.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, November 13th. Susquehanna boosted their price target 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. Finally, Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 17th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $371.67.
Get Our Latest Report 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.
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