Forum Financial Management LP Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Forum Financial Management LP bought a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,294 shares of the semiconductor company’s stock, valued at approximately $225,000.

Other institutional investors have also bought and sold shares of the company. BOKF NA increased its position in shares of Taiwan Semiconductor Manufacturing by 4.8% during the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 81 shares in the last quarter. Cetera Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 80.7% in the 1st quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock worth $10,787,000 after acquiring an additional 35,404 shares in the last quarter. ProShare Advisors LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $210,000. Empowered Funds LLC increased its holdings in Taiwan Semiconductor Manufacturing by 53.8% during the 1st quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock valued at $2,837,000 after purchasing an additional 7,293 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $437,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $195.72 on Wednesday. The firm’s 50 day moving average price is $181.40 and its two-hundred day moving average price is $169.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $91.29 and a 52-week high of $212.60. The stock has a market cap of $1.02 trillion, a PE ratio of 31.37, a PEG ratio of 0.93 and a beta of 1.12.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.00%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.09%.

Wall Street Analyst Weigh In

TSM has been the topic of several research analyst reports. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. TD Cowen boosted 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 report on Thursday, July 18th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $209.00.

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.