2,985 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Bought by GAMMA Investing LLC

GAMMA Investing LLC acquired a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, HoldingsChannel reports. The fund acquired 2,985 shares of the semiconductor company’s stock, valued at approximately $337,000.

Several other institutional investors also recently modified their holdings of TSM. International Assets Investment Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 7.0% in the third quarter. International Assets Investment Management LLC now owns 3,740 shares of the semiconductor company’s stock worth $320,000 after purchasing an additional 246 shares during the last quarter. AE Wealth Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 23.4% during the third quarter. AE Wealth Management LLC now owns 20,149 shares of the semiconductor company’s stock valued at $1,751,000 after acquiring an additional 3,818 shares during the last quarter. Impact Partnership Wealth LLC boosted its position in Taiwan Semiconductor Manufacturing by 24.1% during the third quarter. Impact Partnership Wealth LLC now owns 1,257 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 244 shares during the last quarter. Meridian Wealth Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 2.3% during the third quarter. Meridian Wealth Management LLC now owns 10,039 shares of the semiconductor company’s stock valued at $872,000 after acquiring an additional 221 shares during the last quarter. Finally, Nikulski Financial Inc. boosted its position in Taiwan Semiconductor Manufacturing by 10.9% during the third quarter. Nikulski Financial Inc. now owns 2,362 shares of the semiconductor company’s stock valued at $205,000 after acquiring an additional 233 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $132.99 on Thursday. The stock has a market capitalization of $689.74 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 0.95 and a beta of 1.15. The company’s 50-day moving average is $136.68 and its 200-day moving average is $114.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $81.21 and a 1 year high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be issued a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.33%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

Analyst Upgrades and Downgrades

A number of analysts have commented on TSM shares. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. Needham & Company LLC reissued a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. Finally, TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

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.