Founders Grove Wealth Partners LLC acquired a new position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,035 shares of the semiconductor company’s stock, valued at approximately $234,000.
Several other hedge funds and other institutional investors have also bought and sold shares of TSM. 1248 Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter worth about $28,000. Graybill Wealth Management LTD. acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter worth about $33,000. Vision Financial Markets LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter worth about $33,000. Keener Financial Planning LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter worth about $39,000. Finally, Hemington Wealth Management raised its stake in Taiwan Semiconductor Manufacturing by 78.2% in the 1st quarter. Hemington Wealth Management now owns 253 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Trading Up 8.0%
Shares of Taiwan Semiconductor Manufacturing stock opened at $303.14 on Tuesday. The firm has a market capitalization of $1.57 trillion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $257.20 and its 200 day moving average is $218.72. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $307.30.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be issued a dividend of $0.8348 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $3.34 annualized dividend and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 29.65%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. Itau BBA Securities started coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They issued an “outperform” rating for the company. Needham & Company LLC restated a “buy” rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $333.33.
View Our Latest Research Report on TSM
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.
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