Vanguard Personalized Indexing Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 19.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,138 shares of the semiconductor company’s stock after acquiring an additional 14,945 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $21,095,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. 1248 Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at $28,000. Signature Resources Capital Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 138.8% during the first quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 111 shares during the period. Graybill Wealth Management LTD. purchased a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth about $33,000. Vision Financial Markets LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth about $33,000. Finally, Keener Financial Planning LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth about $39,000. 16.51% of the stock is owned by hedge funds and other institutional investors.
Taiwan Semiconductor Manufacturing Price Performance
Shares of NYSE:TSM opened at $281.08 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $307.30. The company’s 50 day moving average is $255.91 and its 200 day moving average is $217.42. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.46 trillion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be issued a $0.8348 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, December 11th. This represents a $3.34 annualized dividend and a yield of 1.2%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 29.65%.
Analyst Ratings Changes
TSM has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Susquehanna upped their price objective on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a research note on Friday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday. Itau BBA Securities began coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. They issued an “outperform” rating for the company. Finally, Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $333.33.
Check Out Our Latest Research Report 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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