Leo Wealth LLC reduced its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,380 shares of the semiconductor company’s stock after selling 327 shares during the period. Leo Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in TSM. 1248 Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $28,000. Signature Resources Capital Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 138.8% in the 1st quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 111 shares during the period. Graybill Wealth Management LTD. acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $33,000. Vision Financial Markets LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $33,000. Finally, Keener Financial Planning LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $39,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Stock Performance
Taiwan Semiconductor Manufacturing stock opened at $299.90 on Friday. The firm has a 50 day simple moving average of $255.00 and a 200-day simple moving average of $216.42. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $307.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.15. The stock has a market cap of $1.56 trillion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 1.45 and a beta of 1.28.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be paid a dividend of $0.8348 per share. This represents a $3.34 annualized dividend and a yield of 1.1%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, December 11th. Taiwan Semiconductor Manufacturing’s payout ratio is 29.99%.
Analyst Ratings Changes
Several research analysts recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. Finally, Itau BBA Securities assumed coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday. They issued an “outperform” rating for the company. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $288.33.
Read Our Latest Stock Analysis on TSM
Taiwan Semiconductor Manufacturing 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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