Credit Suisse AG increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.2% in the 2nd quarter, Holdings Channel reports. The firm owned 2,514,816 shares of the semiconductor company’s stock after purchasing an additional 253,973 shares during the period. Credit Suisse AG’s holdings in Taiwan Semiconductor Manufacturing were worth $302,355,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the business. Eagle Bay Advisors LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $25,000. LFA Lugano Financial Advisors SA acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $28,000. Albion Financial Group UT acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $28,000. Milestone Resources Group Ltd lifted its position in shares of Taiwan Semiconductor Manufacturing by 54.4% during the 2nd quarter. Milestone Resources Group Ltd now owns 247 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 87 shares during the last quarter. Finally, Atlas Private Wealth Advisors boosted its position in shares of Taiwan Semiconductor Manufacturing by 202.3% in the second quarter. Atlas Private Wealth Advisors now owns 260 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 174 shares during the period. 16.55% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on TSM shares. Needham & Company LLC started coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 13th. They issued 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 boosted their target price for the stock from $85.00 to $105.00 in a research report on Wednesday, June 30th. Susquehanna Bancshares raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price objective for the stock from $85.00 to $105.00 in a report on Wednesday, June 30th. Cowen initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 11th. They issued a “market perform” rating and a $120.00 target price on the stock. Finally, Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Thursday, September 16th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $126.76.
[NYSE:TSM] traded up $0.10 during mid-day trading on Monday, reaching $114.33. The stock had a trading volume of 80,192 shares, compared to its average volume of 9,907,614. The firm has a 50 day simple moving average of $115.64 and a two-hundred day simple moving average of $116.76. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $83.16 and a twelve month high of $142.20. The firm has a market cap of $592.92 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 1.90 and a beta of 0.89. The company has a current ratio of 1.92, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 13th. Shareholders of record on Friday, December 17th will be issued a $0.4941 dividend. The ex-dividend date is Thursday, December 16th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.98 annualized dividend and a yield of 1.73%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 45.72%.
About Taiwan Semiconductor Manufacturing
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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