Fifth Third Wealth Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 7.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 8,805 shares of the semiconductor company’s stock after buying an additional 584 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,994,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in TSM. 1248 Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the first quarter worth approximately $28,000. Signature Resources Capital Management LLC grew its position in Taiwan Semiconductor Manufacturing by 138.8% during the 1st quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 111 shares in the last quarter. Graybill Wealth Management LTD. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at $33,000. Vision Financial Markets LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at $33,000. Finally, Keener Financial Planning LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at $39,000. Institutional investors and hedge funds own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Down 6.3%
TSM stock opened at $281.08 on Friday. 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 Company Ltd. has a 1 year low of $134.25 and a 1 year high of $307.30. The company has a fifty day simple moving average of $255.91 and a 200 day simple moving average of $217.42. The firm has a market cap of $1.46 trillion, a PE ratio of 32.05, a PEG ratio of 1.34 and a beta of 1.28.
Taiwan Semiconductor Manufacturing Increases Dividend
The company also recently declared 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 represents a $3.34 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, December 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 29.65%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on TSM shares. Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a report on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday. Itau BBA Securities started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday. They set an “outperform” rating on the stock. Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Needham & Company LLC restated a “buy” rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $333.33.
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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