RiverPark Advisors LLC decreased its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 5.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 20,383 shares of the semiconductor company’s stock after selling 1,073 shares during the period. Taiwan Semiconductor Manufacturing accounts for 2.9% of RiverPark Advisors LLC’s holdings, making the stock its 8th biggest position. RiverPark Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,617,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. 1248 Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $28,000. Vision Financial Markets LLC bought a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at about $33,000. Mid American Wealth Advisory Group Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth about $33,000. First Command Advisory Services Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 174.1% in the second quarter. First Command Advisory Services Inc. now owns 159 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 101 shares during the last quarter. Finally, Keener Financial Planning LLC purchased a new position in Taiwan Semiconductor Manufacturing in the first quarter valued at about $39,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Up 0.1%
TSM opened at $284.80 on Wednesday. The stock has a market cap of $1.48 trillion, a PE ratio of 29.21, a P/E/G ratio of 1.02 and a beta of 1.31. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $134.25 and a 52 week high of $311.37. The business’s fifty day simple moving average is $288.76 and its 200 day simple moving average is $247.80.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.9678 per share. This represents a $3.87 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, March 17th. Taiwan Semiconductor Manufacturing’s payout ratio is 26.97%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $360.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 27th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Itau BBA Securities started coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They issued an “outperform” rating on the stock. Susquehanna lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Finally, Weiss Ratings upgraded Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, November 19th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $371.67.
Get Our Latest Stock Report 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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