Weatherly Asset Management L. P. acquired a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 1,152 shares of the semiconductor company’s stock, valued at approximately $261,000.
Other hedge funds have also recently made changes to their positions in the company. AA Financial Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 26.3% in the second quarter. AA Financial Advisors LLC now owns 3,538 shares of the semiconductor company’s stock worth $801,000 after purchasing an additional 737 shares in the last quarter. Thomasville National Bank boosted its position in Taiwan Semiconductor Manufacturing by 24.0% in the second quarter. Thomasville National Bank now owns 261,286 shares of the semiconductor company’s stock worth $59,179,000 after purchasing an additional 50,610 shares during the last quarter. LongView Wealth Management purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $222,000. Miller Howard Investments Inc. NY bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $220,000. Finally, SeaCrest Wealth Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 8.2% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 21,991 shares of the semiconductor company’s stock valued at $4,981,000 after purchasing an additional 1,665 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Trading Down 1.6%
TSM opened at $264.27 on Friday. The stock has a market cap of $1.37 trillion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 1.28 and a beta of 1.23. The stock’s 50 day moving average price is $241.95 and its 200-day moving average price is $205.73. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $270.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.15 and a current ratio of 2.37.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be issued a dividend of $0.8348 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. This represents a $3.34 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, December 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 29.42%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on TSM. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Needham & Company LLC reiterated a “buy” rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a “positive” rating in a research note on Monday, July 14th. Finally, Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $275.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $286.67.
Get Our Latest Stock Analysis on TSM
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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