Bridgewater Advisors Inc. increased its holdings in shares of  Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,116 shares of the semiconductor company’s stock after purchasing an additional 530 shares during the period. Bridgewater Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $4,613,000 at the end of the most recent quarter. 
Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock valued at $2,159,000 after acquiring an additional 1,892 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 47.3% in the first quarter. Golden State Wealth Management LLC now owns 2,275 shares of the semiconductor company’s stock valued at $378,000 after purchasing an additional 731 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 22.2% in the first quarter. Private Trust Co. NA now owns 3,147 shares of the semiconductor company’s stock valued at $522,000 after purchasing an additional 572 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 13.4% in the first quarter. Brookstone Capital Management now owns 8,437 shares of the semiconductor company’s stock valued at $1,400,000 after purchasing an additional 995 shares in the last quarter. Finally, Strategic Blueprint LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 38.7% in the first quarter. Strategic Blueprint LLC now owns 3,166 shares of the semiconductor company’s stock valued at $526,000 after buying an additional 884 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Performance
Shares of TSM opened at $300.49 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.15 and a current ratio of 2.37. The company has a market capitalization of $1.56 trillion, a price-to-earnings ratio of 30.82, a PEG ratio of 1.02 and a beta of 1.28. The company’s 50 day simple moving average is $274.26 and its 200 day simple moving average is $233.26. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $311.37.
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 given a dividend of $0.8348 per share. This represents a $3.34 annualized dividend and a yield of 1.1%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, December 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 26.97%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on TSM shares. Needham & Company LLC restated a “buy” rating and issued a $360.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 17th. Itau BBA Securities began coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They set an “outperform” rating on the stock. Weiss Ratings raised shares of Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Finally, Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Buy” and a consensus price target of $371.67.
Check Out Our Latest Report on TSM
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.
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