Strengthening Families & Communities LLC reduced its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 11.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,471 shares of the semiconductor company’s stock after selling 199 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Zone Wealth Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 20.8% during the second quarter. Blue Zone Wealth Advisors LLC now owns 2,420 shares of the semiconductor company’s stock valued at $548,000 after buying an additional 417 shares during the last quarter. PDS Planning Inc increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.2% during the second quarter. PDS Planning Inc now owns 20,532 shares of the semiconductor company’s stock valued at $4,650,000 after acquiring an additional 820 shares in the last quarter. Gunderson Capital Management Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $7,250,000. JB Capital LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 1.4% in the 2nd quarter. JB Capital LLC now owns 96,451 shares of the semiconductor company’s stock worth $21,845,000 after purchasing an additional 1,333 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 6.5% in the 2nd quarter. Blue Trust Inc. now owns 45,870 shares of the semiconductor company’s stock worth $10,389,000 after purchasing an additional 2,795 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Price Performance
Shares of TSM opened at $281.08 on Friday. The firm has a fifty day simple moving average of $255.91 and a two-hundred day simple moving average of $217.11. The firm has a market cap of $1.46 trillion, a PE ratio of 32.05, a P/E/G ratio of 1.43 and a beta of 1.28. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $307.30.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm 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 is a boost 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 dividend yield of 1.2%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 29.65%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on TSM shares. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Sunday, August 31st. Needham & Company LLC reiterated a “buy” rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday. Finally, Itau BBA Securities started coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $333.33.
View Our Latest Stock Analysis on Taiwan Semiconductor Manufacturing
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.
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