Russell Investments Group Ltd. Purchases 96,661 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Russell Investments Group Ltd. increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,892,742 shares of the semiconductor company’s stock after acquiring an additional 96,661 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.1% of Russell Investments Group Ltd.’s holdings, making the stock its 9th largest position. Russell Investments Group Ltd. owned approximately 0.11% of Taiwan Semiconductor Manufacturing worth $612,988,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TSM. Financial Gravity Asset Management Inc. increased its stake in Taiwan Semiconductor Manufacturing by 208.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 211 shares during the period. Farmers & Merchants Investments Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $31,000. Creative Financial Designs Inc. ADV grew its position in Taiwan Semiconductor Manufacturing by 108.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 162 shares in the last quarter. Baystate Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing by 53.5% in the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 138 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock traded up $1.72 during trading on Friday, hitting $138.30. 9,453,393 shares of the stock traded hands, compared to its average volume of 15,706,765. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. The stock has a market cap of $717.28 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 0.97 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $82.16 and a one year high of $158.40. The company has a 50 day simple moving average of $137.06 and a 200 day simple moving average of $114.64.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a $0.4408 dividend. This represents a $1.76 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.

Wall Street Analyst Weigh In

TSM has been the subject of several recent analyst reports. Susquehanna upped their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Needham & Company LLC restated a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average price target of $157.00.

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.