Waldron Private Wealth LLC Buys 11,486 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
by Michael Walen · The Markets DailyWaldron Private Wealth LLC grew its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 138.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,810 shares of the semiconductor company’s stock after purchasing an additional 11,486 shares during the quarter. Waldron Private Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,440,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of TSM. Capital World Investors boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.7% during the 1st quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock worth $5,722,410,000 after buying an additional 704,804 shares in the last quarter. Capital International Investors grew its holdings in Taiwan Semiconductor Manufacturing by 40.2% in the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock worth $2,679,602,000 after purchasing an additional 5,643,949 shares during the period. Van ECK Associates Corp increased its stake in Taiwan Semiconductor Manufacturing by 4.3% in the second quarter. Van ECK Associates Corp now owns 18,167,165 shares of the semiconductor company’s stock valued at $3,157,635,000 after purchasing an additional 750,971 shares in the last quarter. GQG Partners LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 25.1% during the first quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company’s stock valued at $1,161,633,000 after purchasing an additional 1,710,673 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,873,873 shares of the semiconductor company’s stock worth $1,071,242,000 after purchasing an additional 296,892 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Down 1.6 %
Shares of TSM stock traded down $3.15 on Tuesday, hitting $198.80. The stock had a trading volume of 8,779,218 shares, compared to its average volume of 15,593,351. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.95 and a 12-month high of $212.60. The stock has a market cap of $1.03 trillion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. The business has a 50 day moving average of $176.00 and a 200 day moving average of $164.86. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.
Analyst Ratings Changes
A number of research firms recently weighed in on TSM. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $200.00.
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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