Private Trust Co. NA trimmed its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 11.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,788 shares of the semiconductor company’s stock after selling 359 shares during the quarter. Private Trust Co. NA’s holdings in Taiwan Semiconductor Manufacturing were worth $631,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Angeles Wealth Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 31.6% in the 2nd quarter. Angeles Wealth Management LLC now owns 5,541 shares of the semiconductor company’s stock worth $1,255,000 after acquiring an additional 1,329 shares during the period. Oriental Harbor Investment Master Fund grew its position in shares of Taiwan Semiconductor Manufacturing by 1.1% in the second quarter. Oriental Harbor Investment Master Fund now owns 7,935 shares of the semiconductor company’s stock valued at $1,797,000 after purchasing an additional 83 shares during the last quarter. SilverOak Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $306,000. Master S Wealth Management Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $227,000. Finally, Nordea Investment Management AB boosted its stake in Taiwan Semiconductor Manufacturing by 16.2% during the 2nd quarter. Nordea Investment Management AB now owns 996,347 shares of the semiconductor company’s stock valued at $224,766,000 after purchasing an additional 138,909 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Stock Performance
NYSE TSM opened at $295.37 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $311.37. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.53 trillion, a P/E ratio of 30.29, a PEG ratio of 1.41 and a beta of 1.28. The company’s 50-day simple moving average is $262.16 and its 200 day simple moving average is $222.00.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be paid a dividend of $0.8348 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. This represents a $3.34 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, December 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 26.97%.
Analyst Ratings Changes
TSM has been the topic of several recent analyst reports. Itau BBA Securities began coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They issued an “outperform” rating on the stock. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Needham & Company LLC boosted their target price on shares of Taiwan Semiconductor Manufacturing from $270.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. Finally, Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $371.67.
Read Our Latest 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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