Aaron Wealth Advisors LLC grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 28.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,174 shares of the semiconductor company’s stock after purchasing an additional 5,342 shares during the period. Aaron Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $5,475,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Westmount Partners LLC raised its holdings in Taiwan Semiconductor Manufacturing by 2.2% in the second quarter. Westmount Partners LLC now owns 2,126 shares of the semiconductor company’s stock worth $481,000 after purchasing an additional 45 shares during the period. First Heartland Consultants Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 4.2% in the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company’s stock worth $244,000 after purchasing an additional 50 shares during the period. Formidable Asset Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 3.2% in the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company’s stock worth $317,000 after purchasing an additional 50 shares during the period. Michael S. Ryan Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 1.7% in the second quarter. Michael S. Ryan Inc. now owns 3,239 shares of the semiconductor company’s stock worth $734,000 after purchasing an additional 53 shares during the period. Finally, Connecticut Wealth Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 0.7% in the fourth quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company’s stock worth $1,465,000 after purchasing an additional 55 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Stock Performance
NYSE TSM opened at $262.11 on Wednesday. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.36 trillion, a P/E ratio of 29.89, a P/E/G ratio of 1.24 and a beta of 1.23. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $266.44. The firm has a 50-day moving average price of $239.88 and a two-hundred day moving average price of $204.09.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be issued a $0.8348 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $3.34 dividend on an annualized basis and a yield of 1.3%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing’s payout ratio is presently 28.16%.
Analyst Ratings Changes
A number of equities research analysts recently commented on TSM shares. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Sunday, August 31st. Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a “positive” rating in a report on Monday, July 14th. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $275.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $286.67.
Read Our Latest Stock Report 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.
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