Claraphi Advisory Network LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 40.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,040 shares of the semiconductor company’s stock after buying an additional 2,900 shares during the quarter. Claraphi Advisory Network LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,206,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Credit Agricole S A grew its stake in 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 valued at $1,850,000 after buying an additional 8,006 shares during the last quarter. Brandes Investment Partners LP lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 10.6% during the 2nd quarter. Brandes Investment Partners LP now owns 37,400 shares of the semiconductor company’s stock worth $4,494,000 after acquiring an additional 3,599 shares during the period. TCW Group Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $2,768,000. Kingfisher Capital LLC lifted its holdings 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 worth $3,495,000 after acquiring an additional 1,728 shares during the period. Finally, Sterling Investment Management Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $2,964,000. 16.55% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on TSM shares. Cowen began coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 11th. They set a “market perform” rating and a $120.00 price target for the company. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Thursday, September 16th. Needham & Company LLC initiated coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, July 13th. They issued a “buy” rating and a $123.05 price target for the company. Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their price objective for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Finally, Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their price objective for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $126.76.
[TSM] traded down $0.05 during trading hours on Wednesday, reaching $114.13. 136,218 shares of the stock traded hands, compared to its average volume of 9,915,289. 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 stock has a fifty day simple moving average of $115.59 and a 200 day simple moving average of $116.74. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $83.16 and a 52 week high of $142.20. The company has a market cap of $591.89 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 1.90 and a beta of 0.89.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 13th. Shareholders of record on Friday, December 17th will be given a $0.4941 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, December 16th. This represents a $1.98 annualized dividend and a yield of 1.73%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 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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