ROI Financial Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 9.2% in the second quarter, HoldingsChannel.com reports. The fund owned 26,347 shares of the semiconductor company’s stock after buying an additional 2,211 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 3.8% of ROI Financial Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. ROI Financial Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $5,967,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the business. First Horizon Advisors Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 6.7% in the second quarter. First Horizon Advisors Inc. now owns 10,214 shares of the semiconductor company’s stock valued at $2,313,000 after purchasing an additional 644 shares during the last quarter. New Millennium Group LLC lifted its stake in Taiwan Semiconductor Manufacturing by 21.8% in the 2nd quarter. New Millennium Group LLC now owns 1,213 shares of the semiconductor company’s stock valued at $275,000 after buying an additional 217 shares in the last quarter. Matthew 25 Management Corp lifted its stake in Taiwan Semiconductor Manufacturing by 215.0% in the 2nd quarter. Matthew 25 Management Corp now owns 63,000 shares of the semiconductor company’s stock valued at $14,269,000 after buying an additional 43,000 shares in the last quarter. Fourth Dimension Wealth LLC grew its holdings in Taiwan Semiconductor Manufacturing by 514.0% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 1,314 shares of the semiconductor company’s stock valued at $298,000 after buying an additional 1,100 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its position in Taiwan Semiconductor Manufacturing by 2.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 2,439 shares of the semiconductor company’s stock worth $552,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Down 0.0%
TSM opened at $293.96 on Thursday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $311.37. The business has a 50-day moving average of $277.84 and a two-hundred day moving average of $235.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.15. The stock has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 1.02 and a beta of 1.31.
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 dividend of $0.8348 per share. 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%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 26.97%.
Analyst Ratings Changes
TSM has been the topic of several recent research reports. Weiss Ratings upgraded Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $371.67.
Read Our Latest Research 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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