SageView Advisory Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,665 shares of the semiconductor company’s stock after acquiring an additional 79 shares during the quarter. SageView Advisory Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $608,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Alaethes Wealth LLC raised its stake in Taiwan Semiconductor Manufacturing by 2.2% during the 1st quarter. Alaethes Wealth LLC now owns 19,740 shares of the semiconductor company’s stock worth $3,290,000 after acquiring an additional 433 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Taiwan Semiconductor Manufacturing by 20.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,921,428 shares of the semiconductor company’s stock worth $318,957,000 after acquiring an additional 331,541 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth $1,959,000. Semmax Financial Advisors Inc. raised its stake in Taiwan Semiconductor Manufacturing by 2.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 23,621 shares of the semiconductor company’s stock worth $4,170,000 after acquiring an additional 625 shares in the last quarter. Finally, Northeast Financial Consultants Inc raised its stake in Taiwan Semiconductor Manufacturing by 1.9% during the 1st quarter. Northeast Financial Consultants Inc now owns 9,013 shares of the semiconductor company’s stock worth $1,496,000 after acquiring an additional 167 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Stock Down 0.6%
TSM stock opened at $258.75 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. The company has a market cap of $1.34 trillion, a P/E ratio of 29.50, a P/E/G ratio of 1.24 and a beta of 1.23. The company’s 50-day moving average price is $238.09 and its 200 day moving average price is $202.43. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $134.25 and a 52 week high of $264.58.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be given a dividend of $0.8348 per share. The ex-dividend date is Thursday, December 11th. 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%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 28.16%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on TSM shares. Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a “positive” rating in a research note on Monday, July 14th. Needham & Company LLC restated a “buy” rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. Barclays restated an “overweight” rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Finally, Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Buy” and a consensus target price of $258.33.
Read Our Latest Stock Report on Taiwan Semiconductor Manufacturing
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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