AMG National Trust Bank decreased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 23.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,024 shares of the semiconductor company’s stock after selling 8,460 shares during the period. AMG National Trust Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $4,693,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Aljian Capital Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 202.0% in the 3rd quarter. Aljian Capital Management LLC now owns 5,813 shares of the semiconductor company’s stock valued at $1,010,000 after buying an additional 3,888 shares during the period. Westfuller Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $275,000. Claro Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 21.9% in the third quarter. Claro Advisors LLC now owns 2,865 shares of the semiconductor company’s stock valued at $498,000 after acquiring an additional 514 shares during the last quarter. RiverPark Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 52.5% during the third quarter. RiverPark Advisors LLC now owns 18,974 shares of the semiconductor company’s stock valued at $3,295,000 after purchasing an additional 6,536 shares in the last quarter. Finally, Adero Partners LLC lifted its stake in Taiwan Semiconductor Manufacturing by 17.0% during the third quarter. Adero Partners LLC now owns 6,514 shares of the semiconductor company’s stock worth $1,131,000 after purchasing an additional 945 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Performance
NYSE:TSM opened at $186.01 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30. The company has a market capitalization of $964.72 billion, a P/E ratio of 29.81, a P/E/G ratio of 0.89 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $95.25 and a 1 year high of $212.60. The business has a fifty day simple moving average of $185.79 and a two-hundred day simple moving average of $172.43.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.18%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.09%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on TSM shares. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.
Read Our Latest Analysis on Taiwan Semiconductor Manufacturing
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.
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