Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Raymond James & Associates

Raymond James & Associates lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,420,828 shares of the semiconductor company’s stock after purchasing an additional 63,490 shares during the period. Raymond James & Associates’ holdings in Taiwan Semiconductor Manufacturing were worth $193,304,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Congress Wealth Management LLC DE grew its position in Taiwan Semiconductor Manufacturing by 2.2% during the 3rd quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock worth $2,686,000 after purchasing an additional 671 shares during the last quarter. CapWealth Advisors LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 21.1% in the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after purchasing an additional 21,329 shares during the last quarter. Verus Capital Partners LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 53.6% in the third quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 1,119 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Taiwan Semiconductor Manufacturing by 99.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,087 shares of the semiconductor company’s stock worth $442,000 after purchasing an additional 2,534 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 23.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,811 shares of the semiconductor company’s stock worth $1,200,000 after purchasing an additional 2,663 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on TSM. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, April 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM traded up $1.72 during trading hours on Friday, reaching $138.30. The company’s stock had a trading volume of 9,453,393 shares, compared to its average volume of 15,706,765. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $82.16 and a fifty-two week high of $158.40. The stock has a market cap of $717.28 billion, a PE ratio of 26.34, a PEG ratio of 0.99 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The company’s 50-day moving average is $137.06 and its two-hundred day moving average is $114.97.

Taiwan Semiconductor Manufacturing Cuts Dividend

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

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.