Y.D. More Investments Ltd grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 13.7% in the second quarter, HoldingsChannel.com reports. The fund owned 113,458 shares of the semiconductor company’s stock after buying an additional 13,634 shares during the period. Taiwan Semiconductor Manufacturing comprises about 1.8% of Y.D. More Investments Ltd’s portfolio, making the stock its 12th biggest holding. Y.D. More Investments Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $25,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock worth $2,159,000 after acquiring an additional 1,892 shares during the period. Mutual of America Capital Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the first quarter worth $6,344,000. Larson Financial Group LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 7.7% in the first quarter. Larson Financial Group LLC now owns 2,024 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 144 shares during the period. Cullen Frost Bankers Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 52.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 1,967 shares of the semiconductor company’s stock worth $326,000 after buying an additional 673 shares during the last quarter. Finally, Independent Wealth Network Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 39.3% during the 1st quarter. Independent Wealth Network Inc. now owns 1,478 shares of the semiconductor company’s stock worth $245,000 after buying an additional 417 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Performance
NYSE TSM opened at $284.79 on Friday. The firm’s 50 day simple moving average is $285.44 and its 200 day simple moving average is $242.07. The firm has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 1.02 and a beta of 1.31. 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 $311.37.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.9678 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. This represents a $3.87 annualized dividend and a yield of 1.4%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 26.97%.
Analyst Upgrades and Downgrades
TSM has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 17th. Itau BBA Securities began coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They set an “outperform” rating for the company. Needham & Company LLC reissued a “buy” rating and set a $360.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Monday, October 27th. Finally, Barclays upped their price target 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. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.67.
Read Our Latest Analysis 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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