Signature Estate & Investment Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 7.2% in the second quarter, HoldingsChannel.com reports. The fund owned 6,324 shares of the semiconductor company’s stock after acquiring an additional 422 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,432,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSM. 1248 Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $28,000. Graybill Wealth Management LTD. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $33,000. Vision Financial Markets LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $33,000. Keener Financial Planning LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $39,000. Finally, Hemington Wealth Management raised its stake in shares of Taiwan Semiconductor Manufacturing by 78.2% during the 1st quarter. Hemington Wealth Management now owns 253 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 111 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Price Performance
Shares of Taiwan Semiconductor Manufacturing stock opened at $295.37 on Monday. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $311.37. The business has a 50-day moving average price of $262.16 and a 200 day moving average price of $222.45. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.53 trillion, a PE ratio of 30.29, a P/E/G ratio of 1.02 and a beta of 1.28.
Taiwan Semiconductor Manufacturing Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be paid a dividend of $0.8348 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, December 11th. This represents a $3.34 annualized dividend and a yield of 1.1%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 26.67%.
Analyst Ratings Changes
A number of research firms have weighed in on TSM. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 8th. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday. Itau BBA Securities initiated coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They issued an “outperform” rating for the company. Finally, Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $371.67.
Check Out Our Latest Report on TSM
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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