Sequoia Financial Advisors LLC Has $7.73 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sequoia Financial Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,503 shares of the semiconductor company’s stock after buying an additional 1,773 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $7,729,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Atlantic Edge Private Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at about $25,000. Olistico Wealth LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. Valley Wealth Managers Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. North Star Investment Management Corp. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 181 shares during the period. Finally, NewSquare Capital LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $29,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $198.49 on Wednesday. The firm has a market cap of $1.03 trillion, a price-to-earnings ratio of 31.81, a PEG ratio of 1.16 and a beta of 1.14. The company has a 50 day moving average of $176.52 and a 200-day moving average of $165.27. 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 1-year low of $84.95 and a 1-year high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.98%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

Analyst Ratings Changes

TSM has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Finally, TD Cowen increased 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 equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

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.