Easterly Investment Partners LLC reduced its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 18.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 66,616 shares of the semiconductor company’s stock after selling 15,006 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.0% of Easterly Investment Partners LLC’s investment portfolio, making the stock its 28th largest holding. Easterly Investment Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $11,579,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Johnson Financial Group Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $25,000. LifeSteps Financial Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth about $27,000. Olistico Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. North Star Investment Management Corp. grew its stake in Taiwan Semiconductor Manufacturing by 670.4% during the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 181 shares in the last quarter. Finally, Sachetta LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $29,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.
Taiwan Semiconductor Manufacturing Trading Up 2.9 %
NYSE:TSM traded up $4.84 during trading hours on Friday, reaching $171.28. The company’s stock had a trading volume of 12,189,133 shares, compared to its average volume of 17,647,828. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The firm has a market capitalization of $888.33 billion, a price-to-earnings ratio of 32.62, a PEG ratio of 0.98 and a beta of 1.14. The firm has a 50-day simple moving average of $171.38 and a 200-day simple moving average of $152.86. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $193.47.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.57%.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Susquehanna reissued a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Sanford C. Bernstein boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Needham & Company LLC lifted their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $200.00.
Check Out Our Latest Analysis on Taiwan Semiconductor Manufacturing
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.
Further Reading
- Five stocks we like better than Taiwan Semiconductor Manufacturing
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- CAVA Stock Rallies as Earnings Confirm It’s a Top Growth Play
- Why Invest in 5G? How to Invest in 5G Stocks
- 3 High Short-Interest Stocks Poised for a Rate Cut Squeeze
- How to Evaluate a Stock Before Buying
- MarketBeat Week in Review – 8/19 – 8/23
Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report).
Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.