FSM Wealth Advisors LLC Purchases 75 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

FSM Wealth Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.9% during the 3rd quarter, Holdings Channel reports. The firm owned 4,008 shares of the semiconductor company’s stock after buying an additional 75 shares during the period. FSM Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $696,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TSM. Catalyst Capital Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 22.6% in the third quarter. Catalyst Capital Advisors LLC now owns 30,400 shares of the semiconductor company’s stock worth $5,280,000 after buying an additional 5,600 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of Taiwan Semiconductor Manufacturing by 33.7% in the 3rd quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock worth $4,588,000 after acquiring an additional 6,664 shares in the last quarter. PDS Planning Inc lifted its stake in shares of Taiwan Semiconductor Manufacturing by 2.4% in the 3rd quarter. PDS Planning Inc now owns 17,336 shares of the semiconductor company’s stock valued at $3,011,000 after purchasing an additional 414 shares during the period. QRG Capital Management Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 7.0% during the third quarter. QRG Capital Management Inc. now owns 112,212 shares of the semiconductor company’s stock valued at $19,488,000 after purchasing an additional 7,368 shares in the last quarter. Finally, Vestor Capital LLC bought a new position in Taiwan Semiconductor Manufacturing in the third quarter worth $49,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

TSM has been the topic of a number of recent research reports. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday. TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $191.56 on Tuesday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $180.90 and its 200-day moving average price is $168.70. The firm has a market cap of $993.51 billion, a P/E ratio of 30.70, a P/E/G ratio of 0.93 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $91.29 and a 12 month high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.02%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.57%.

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.