Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Callan Capital LLC

Callan Capital LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 125.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,299 shares of the semiconductor company’s stock after buying an additional 4,622 shares during the period. Callan Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $863,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSM. Farmers & Merchants Investments Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $31,000. Creative Financial Designs Inc. ADV increased its stake in Taiwan Semiconductor Manufacturing by 108.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 162 shares during the last quarter. Financial Gravity Asset Management Inc. increased its stake in Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 211 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $37,000. Finally, Baystate Wealth Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 53.5% during the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 138 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSM has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. TD Cowen upped their price target 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. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, Susquehanna upped their price target 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock traded up $1.72 during trading on Friday, hitting $138.30. The company had a trading volume of 9,453,393 shares, compared to its average volume of 15,706,765. The firm has a market capitalization of $717.28 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 0.97 and a beta of 1.15. The business has a 50 day moving average of $137.06 and a 200 day moving average of $114.64. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $82.16 and a fifty-two week high of $158.40. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed 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. This represents a $1.76 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

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.