Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 27.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,330 shares of the semiconductor company’s stock after acquiring an additional 2,000 shares during the period. Bahl & Gaynor Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $970,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Nipun Capital L.P. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $894,000. AM Investment Strategies LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $264,000. Channing Global Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.1% in the fourth quarter. Channing Global Advisors LLC now owns 68,440 shares of the semiconductor company’s stock valued at $7,118,000 after buying an additional 2,058 shares during the period. Bailard Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 135.9% in the fourth quarter. Bailard Inc. now owns 45,573 shares of the semiconductor company’s stock valued at $4,740,000 after buying an additional 26,253 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 39,020 shares of the semiconductor company’s stock valued at $4,062,000 after buying an additional 1,242 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TSM. Susquehanna upped their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. Finally, Barclays increased their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 1.3 %

Shares of NYSE TSM opened at $138.30 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $82.16 and a one year high of $158.40. The firm has a market capitalization of $717.28 billion, a PE ratio of 26.34, a PEG ratio of 0.97 and a beta of 1.15. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $137.06 and a two-hundred day moving average price of $114.64.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.27%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.

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.