Forvis Mazars Wealth Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 4.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,618 shares of the semiconductor company’s stock after buying an additional 123 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $593,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. 1248 Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $28,000. Graybill Wealth Management LTD. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $33,000. Vision Financial Markets LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $33,000. Keener Financial Planning LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $39,000. Finally, Hemington Wealth Management boosted its stake in shares of Taiwan Semiconductor Manufacturing by 78.2% in the 1st quarter. Hemington Wealth Management now owns 253 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 111 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Stock Down 1.5%
Shares of NYSE TSM opened at $295.37 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.15. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $311.37. The company has a 50 day simple moving average of $262.16 and a 200 day simple moving average of $222.45. The firm has a market cap of $1.53 trillion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28.
Taiwan Semiconductor Manufacturing Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be issued a dividend of $0.8348 per share. This represents a $3.34 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, December 11th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 26.67%.
Wall Street Analysts Forecast Growth
TSM has been the topic of a number of research analyst reports. Needham & Company LLC raised their price target on shares of Taiwan Semiconductor Manufacturing from $270.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 8th. Itau BBA Securities assumed coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They issued an “outperform” rating for the company. Finally, Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a report on Friday, October 10th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average price target of $371.67.
Get Our Latest Analysis on Taiwan Semiconductor Manufacturing
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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