Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 24.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,144 shares of the semiconductor company’s stock after acquiring an additional 2,020 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Atlantic Edge Private Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth approximately $27,000. Olistico Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. NewSquare Capital LLC purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $29,000. Finally, Fairscale Capital LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TSM shares. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, TD Cowen upped their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $203.33 on Friday. The stock’s 50-day moving average is $177.61 and its two-hundred day moving average is $165.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.95 and a 1 year high of $212.60. The firm has a market cap of $1.05 trillion, a price-to-earnings ratio of 38.73, a PEG ratio of 0.96 and a beta of 1.14.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 0.96%. Taiwan Semiconductor Manufacturing’s payout ratio is 36.95%.

Taiwan Semiconductor Manufacturing 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.