Petra Financial Advisors Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,953 shares of the semiconductor company’s stock, valued at approximately $895,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TSM. 1248 Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the first quarter worth about $28,000. Graybill Wealth Management LTD. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at approximately $33,000. Vision Financial Markets LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at approximately $33,000. Mid American Wealth Advisory Group Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $33,000. Finally, First Command Advisory Services Inc. grew its stake in 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 valued at $36,000 after buying an additional 101 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.
Taiwan Semiconductor Manufacturing Stock Performance
NYSE:TSM opened at $298.31 on Tuesday. The stock has a market cap of $1.55 trillion, a P/E ratio of 30.60, a PEG ratio of 0.99 and a beta of 1.28. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $268.50 and its two-hundred day moving average price is $228.57. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $311.37.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be issued a $0.8348 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, December 11th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing’s payout ratio is currently 26.97%.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 18th. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Weiss Ratings raised Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 17th. Finally, Susquehanna raised 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 report on Friday, October 10th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $371.67.
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.
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