RMG Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 271 shares of the semiconductor company’s stock, valued at approximately $65,000.
Several other institutional investors also recently modified their holdings of the business. Hardy Reed LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.1% during the second quarter. Hardy Reed LLC now owns 4,905 shares of the semiconductor company’s stock valued at $1,111,000 after buying an additional 51 shares during the last quarter. Franchise Capital Ltd boosted its position in shares of Taiwan Semiconductor Manufacturing by 26.7% during the second quarter. Franchise Capital Ltd now owns 119,580 shares of the semiconductor company’s stock valued at $27,084,000 after buying an additional 25,230 shares during the last quarter. Tcfg Wealth Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 5.5% during the second quarter. Tcfg Wealth Management LLC now owns 2,158 shares of the semiconductor company’s stock valued at $489,000 after buying an additional 113 shares during the last quarter. KPP Advisory Services LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 16.4% during the second quarter. KPP Advisory Services LLC now owns 2,287 shares of the semiconductor company’s stock valued at $518,000 after buying an additional 323 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.3% during the second quarter. Prime Capital Investment Advisors LLC now owns 77,845 shares of the semiconductor company’s stock valued at $17,631,000 after buying an additional 2,461 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.
Taiwan Semiconductor Manufacturing Trading Up 3.5%
Shares of NYSE:TSM opened at $302.36 on Tuesday. The stock has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 34.48, a PEG ratio of 1.39 and a beta of 1.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.15 and a current ratio of 2.37. The stock’s 50-day simple moving average is $251.53 and its two-hundred day simple moving average is $214.43. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $134.25 and a 52-week high of $307.30.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be paid a $0.8348 dividend. This represents a $3.34 annualized dividend and a dividend yield of 1.1%. 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. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 29.99%.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Saturday, September 27th. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $275.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Finally, Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a “positive” rating in a research report on Monday, July 14th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $286.67.
Get Our Latest Report on Taiwan Semiconductor Manufacturing
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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