Atria Investments Inc lessened its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 142,052 shares of the semiconductor company’s stock after selling 537 shares during the period. Atria Investments Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $32,173,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Spinnaker Trust raised its position in Taiwan Semiconductor Manufacturing by 1.6% in the second quarter. Spinnaker Trust now owns 30,846 shares of the semiconductor company’s stock worth $6,986,000 after acquiring an additional 471 shares in the last quarter. Savvy Advisors Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 10.8% during the second quarter. Savvy Advisors Inc. now owns 5,122 shares of the semiconductor company’s stock valued at $1,160,000 after purchasing an additional 501 shares during the last quarter. Live Oak Private Wealth LLC grew its position in Taiwan Semiconductor Manufacturing by 3.1% in the second quarter. Live Oak Private Wealth LLC now owns 24,015 shares of the semiconductor company’s stock worth $5,439,000 after buying an additional 725 shares during the last quarter. FRG Family Wealth Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 72.0% in the second quarter. FRG Family Wealth Advisors LLC now owns 2,451 shares of the semiconductor company’s stock valued at $555,000 after buying an additional 1,026 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 18.0% during the 2nd quarter. Assetmark Inc. now owns 488,585 shares of the semiconductor company’s stock valued at $110,660,000 after acquiring an additional 74,574 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Up 1.2%
TSM stock opened at $305.23 on Thursday. The company has a 50 day moving average of $271.41 and a two-hundred day moving average of $230.66. The company has a market cap of $1.58 trillion, a price-to-earnings ratio of 31.31, a PEG ratio of 1.01 and a beta of 1.28. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $311.37. 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 Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be issued a $0.8348 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. This represents a $3.34 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, December 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 26.67%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on TSM. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 18th. Itau BBA Securities assumed coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They set an “outperform” rating on the stock. Weiss Ratings upgraded shares of Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Finally, Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Buy” and an average target price of $371.67.
View Our Latest Research Report on Taiwan Semiconductor Manufacturing
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.
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