Eagle Strategies LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,197 shares of the semiconductor company’s stock after purchasing an additional 124 shares during the period. Eagle Strategies LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,310,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the company. Alliance Wealth Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 2.4% during the second quarter. Alliance Wealth Advisors LLC now owns 1,815 shares of the semiconductor company’s stock valued at $411,000 after purchasing an additional 43 shares during the period. Pflug Koory LLC grew its position in Taiwan Semiconductor Manufacturing by 3.9% in the second quarter. Pflug Koory LLC now owns 1,133 shares of the semiconductor company’s stock valued at $257,000 after acquiring an additional 43 shares during the period. Westmount Partners LLC grew its position in Taiwan Semiconductor Manufacturing by 2.2% in the second quarter. Westmount Partners LLC now owns 2,126 shares of the semiconductor company’s stock valued at $481,000 after acquiring an additional 45 shares during the period. Mirador Capital Partners LP grew its position in Taiwan Semiconductor Manufacturing by 2.6% in the second quarter. Mirador Capital Partners LP now owns 1,785 shares of the semiconductor company’s stock valued at $404,000 after acquiring an additional 45 shares during the period. Finally, Matisse Capital grew its position in Taiwan Semiconductor Manufacturing by 1.3% in the second quarter. Matisse Capital now owns 3,607 shares of the semiconductor company’s stock valued at $817,000 after acquiring an additional 46 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Trading Up 3.6%
Shares of TSM opened at $304.66 on Thursday. 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 12-month low of $134.25 and a 12-month high of $307.30. The firm has a market capitalization of $1.58 trillion, a PE ratio of 34.74, a price-to-earnings-growth ratio of 1.40 and a beta of 1.28. The stock’s fifty day simple moving average is $253.83 and its 200-day simple moving average is $215.61.
Taiwan Semiconductor Manufacturing Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be paid a dividend of $0.8348 per share. This represents a $3.34 annualized dividend and a dividend yield of 1.1%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, December 11th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 29.65%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on TSM. Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a “positive” rating in a research report on Monday, July 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $275.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Sunday, August 31st. Finally, Itau BBA Securities assumed coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $286.67.
Check Out Our Latest Analysis on TSM
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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