Baldwin Investment Management LLC boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 19,269 shares of the semiconductor company’s stock after acquiring an additional 188 shares during the quarter. Baldwin Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,315,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in TSM. Credit Agricole S A grew its stake in shares of Taiwan Semiconductor Manufacturing by 104.8% in the 1st quarter. Credit Agricole S A now owns 15,645 shares of the semiconductor company’s stock worth $1,850,000 after purchasing an additional 8,006 shares during the last quarter. Brandes Investment Partners LP grew its position in Taiwan Semiconductor Manufacturing by 10.6% in the second quarter. Brandes Investment Partners LP now owns 37,400 shares of the semiconductor company’s stock worth $4,494,000 after buying an additional 3,599 shares during the last quarter. TCW Group Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $2,768,000. Kingfisher Capital LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 6.3% during the 2nd quarter. Kingfisher Capital LLC now owns 29,089 shares of the semiconductor company’s stock valued at $3,495,000 after acquiring an additional 1,728 shares during the last quarter. Finally, Sterling Investment Management Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $2,964,000. Hedge funds and other institutional investors own 16.55% of the company’s stock.
Get Taiwan Semiconductor Manufacturing alerts: TSM traded down $0.16 during trading on Thursday, hitting $115.43. The company’s stock had a trading volume of 39,578 shares, compared to its average volume of 10,000,476. The firm’s 50 day moving average price is $115.64 and its two-hundred day moving average price is $116.82. The company has a quick ratio of 1.65, a current ratio of 1.92 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $83.16 and a 12 month high of $142.20. The stock has a market capitalization of $598.63 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 1.90 and a beta of 0.89.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 13th. Stockholders of record on Friday, December 17th will be paid a $0.4941 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.98 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, December 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 45.72%.
TSM has been the subject of several analyst reports. Cowen initiated coverage on Taiwan Semiconductor Manufacturing in a report on Monday, October 11th. They set a “market perform” rating and a $120.00 target price for the company. Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and upped their price target for the company from $85.00 to $105.00 in a research report on Wednesday, June 30th. Needham & Company LLC began coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 13th. They set a “buy” rating and a $123.05 price objective on the stock. Susquehanna upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and increased their target price for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Finally, Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Thursday, September 16th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $126.76.
Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.
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