abrdn plc Purchases 25,576 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

abrdn plc raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.9% during the third quarter, Holdings Channel reports. The fund owned 239,742 shares of the semiconductor company’s stock after acquiring an additional 25,576 shares during the period. abrdn plc’s holdings in Taiwan Semiconductor Manufacturing were worth $41,589,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of TSM. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $25,000. Olistico Wealth LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $27,000. Valley Wealth Managers Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $27,000. NewSquare Capital LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $29,000. Finally, Fairscale Capital LLC bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth $32,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TSM. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, TD Cowen upped their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Down 1.2 %

NYSE TSM opened at $194.51 on Thursday. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.95 and a 12 month high of $212.60. The stock’s 50 day moving average is $179.54 and its 200 day moving average is $167.35. The stock has a market cap of $1.01 trillion, a PE ratio of 37.05, a P/E/G ratio of 0.98 and a beta of 1.14.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors 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 dividend on an annualized basis and a dividend yield of 1.00%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 36.95%.

About Taiwan Semiconductor Manufacturing

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.