Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Holdings Lowered by HM Payson & Co.

HM Payson & Co. lowered its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.6% in the 3rd quarter, Holdings Channel reports. The fund owned 74,810 shares of the semiconductor company’s stock after selling 7,955 shares during the period. HM Payson & Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $12,992,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Voisard Asset Management Group Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter worth about $82,000. Financial Advocates Investment Management grew its position in shares of Taiwan Semiconductor Manufacturing by 13.6% during the third quarter. Financial Advocates Investment Management now owns 16,036 shares of the semiconductor company’s stock worth $2,785,000 after acquiring an additional 1,914 shares during the last quarter. Cornerstone Wealth Group LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 7.2% during the third quarter. Cornerstone Wealth Group LLC now owns 2,103 shares of the semiconductor company’s stock worth $365,000 after acquiring an additional 141 shares during the last quarter. SteelPeak Wealth LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 144.6% during the third quarter. SteelPeak Wealth LLC now owns 7,664 shares of the semiconductor company’s stock worth $1,336,000 after acquiring an additional 4,531 shares during the last quarter. Finally, Diversify Wealth Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 15.9% during the third quarter. Diversify Wealth Management LLC now owns 7,054 shares of the semiconductor company’s stock worth $1,225,000 after acquiring an additional 970 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Needham & Company LLC restated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen increased their target price 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Down 1.8 %

NYSE:TSM traded down $3.57 during mid-day trading on Thursday, reaching $190.91. The stock had a trading volume of 1,365,382 shares, compared to its average volume of 15,491,104. The business’s 50 day moving average is $179.54 and its 200 day moving average is $167.35. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $212.60. The stock has a market cap of $990.14 billion, a P/E ratio of 37.05, a PEG ratio of 0.98 and a beta of 1.14. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.02%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 36.95%.

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.