Heritage Wealth Advisors lifted its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 630.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,557 shares of the semiconductor company’s stock after purchasing an additional 2,207 shares during the period. Heritage Wealth Advisors’ holdings in Taiwan Semiconductor Manufacturing were worth $579,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mid American Wealth Advisory Group Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth about $33,000. First Command Advisory Services Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 174.1% in the 2nd quarter. First Command Advisory Services Inc. now owns 159 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 101 shares in the last quarter. 1248 Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $28,000. Vision Financial Markets LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $33,000. Finally, IMG Wealth Management Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 70.5% during the second quarter. IMG Wealth Management Inc. now owns 225 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 93 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.
Taiwan Semiconductor Manufacturing Stock Down 1.3%
NYSE:TSM opened at $278.21 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.15 and a current ratio of 2.37. The firm has a market cap of $1.44 trillion, a P/E ratio of 28.53, a P/E/G ratio of 1.02 and a beta of 1.31. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $311.37. The firm has a 50-day simple moving average of $286.69 and a two-hundred day simple moving average of $244.07.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 17th will be issued a $0.9678 dividend. This represents a $3.87 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, March 17th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 26.97%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Wall Street Zen downgraded Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, November 13th. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Needham & Company LLC reissued a “buy” rating and set a $360.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Finally, Itau BBA Securities assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They set an “outperform” rating for the company. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus target price of $371.67.
Read Our Latest Report on Taiwan Semiconductor Manufacturing
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.
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