MGO One Seven LLC boosted its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 15.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,742 shares of the semiconductor company’s stock after buying an additional 6,546 shares during the quarter. MGO One Seven LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $10,813,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of TSM. 1248 Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $28,000. Graybill Wealth Management LTD. bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at $33,000. Vision Financial Markets LLC bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at $33,000. Keener Financial Planning LLC bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at $39,000. Finally, Hemington Wealth Management increased its stake in Taiwan Semiconductor Manufacturing by 78.2% during the first quarter. Hemington Wealth Management now owns 253 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 111 shares during the last quarter. 16.51% of the stock is owned by institutional investors.
Taiwan Semiconductor Manufacturing Trading Down 6.3%
NYSE:TSM opened at $281.08 on Monday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $307.30. The stock has a market cap of $1.46 trillion, a price-to-earnings ratio of 32.05, a PEG ratio of 1.34 and a beta of 1.28. The business has a fifty day moving average of $255.91 and a 200-day moving average of $217.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.15 and a current ratio of 2.37.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be issued a $0.8348 dividend. This represents a $3.34 annualized dividend and a dividend yield of 1.2%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, December 11th. Taiwan Semiconductor Manufacturing’s payout ratio is 29.99%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Itau BBA Securities assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They set an “outperform” rating for the company. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday. Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a report on Friday. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $333.33.
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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