Crescent Grove Advisors LLC Buys Shares of 2,134 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Crescent Grove Advisors LLC purchased a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,134 shares of the semiconductor company’s stock, valued at approximately $372,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $25,000. Reston Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $25,000. Olistico Wealth LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $27,000. Valley Wealth Managers Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $27,000. Finally, NewSquare Capital LLC bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth approximately $29,000. 16.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on TSM shares. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Trading Down 1.2 %

Shares of NYSE TSM opened at $193.39 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $91.60 and a one year high of $212.60. The business has a 50-day moving average price of $181.89 and a two-hundred day moving average price of $169.35. The firm has a market capitalization of $1.00 trillion, a PE ratio of 30.99, a PEG ratio of 0.93 and a beta of 1.12.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 1.01%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

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.