Cornerstone Wealth Group LLC raised its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 6.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,146 shares of the semiconductor company’s stock after buying an additional 129 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $486,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Defender Capital LLC. acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $226,000. Verdence Capital Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 29.0% in the 2nd quarter. Verdence Capital Advisors LLC now owns 22,947 shares of the semiconductor company’s stock valued at $5,197,000 after buying an additional 5,165 shares during the period. Astoria Portfolio Advisors LLC. acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $219,000. Sequoia Financial Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 15.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 56,603 shares of the semiconductor company’s stock valued at $12,820,000 after buying an additional 7,463 shares during the period. Finally, Total Clarity Wealth Management Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $217,000. 16.51% of the stock is owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Stock Performance
NYSE:TSM opened at $295.62 on Wednesday. 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 Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $307.30. The stock has a market cap of $1.53 trillion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 1.45 and a beta of 1.28. The firm’s fifty day simple moving average is $258.46 and its 200-day simple moving average is $219.25.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently disclosed 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. The ex-dividend date is Thursday, December 11th. This represents a $3.34 annualized dividend and a dividend yield of 1.1%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing’s payout ratio is presently 29.65%.
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. Itau BBA Securities assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They issued an “outperform” rating on the stock. Barclays boosted 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, October 9th. Needham & Company LLC reissued a “buy” rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $333.33.
Check Out Our Latest Report on TSM
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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