Apexium Financial LP purchased a new position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,161 shares of the semiconductor company’s stock, valued at approximately $263,000.
Other institutional investors and hedge funds have also modified their holdings of the company. City Holding Co. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 238.0% in the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 119 shares during the period. 1248 Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $28,000. Signature Resources Capital Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 138.8% in the 1st quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 111 shares during the period. Graybill Wealth Management LTD. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $33,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Trading Up 1.5%
Shares of Taiwan Semiconductor Manufacturing stock opened at $292.42 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $296.72. The firm has a market cap of $1.52 trillion, a PE ratio of 33.34, a P/E/G ratio of 1.39 and a beta of 1.28. The business’s fifty day moving average is $250.34 and its two-hundred day moving average is $213.30. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20.
Taiwan Semiconductor Manufacturing Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be given a $0.8348 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $3.34 annualized dividend and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 29.42%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on TSM shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Saturday, September 27th. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a “positive” rating in a report on Monday, July 14th. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $275.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Needham & Company LLC reiterated a “buy” rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Finally, Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Sunday, August 31st. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $286.67.
Get Our Latest Analysis on TSM
Taiwan Semiconductor Manufacturing 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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