Eastern Bank decreased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,183 shares of the semiconductor company’s stock after selling 85 shares during the quarter. Eastern Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $947,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. 1248 Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth about $28,000. Signature Resources Capital Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 138.8% during the first quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 111 shares in the last quarter. Graybill Wealth Management LTD. acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $33,000. Vision Financial Markets LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $33,000. Finally, Keener Financial Planning LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $39,000. Institutional investors and hedge funds own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Down 6.3%
Shares of Taiwan Semiconductor Manufacturing stock opened at $281.08 on Friday. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20. The business’s 50 day simple moving average is $255.91 and its 200-day simple moving average is $217.42. The stock has a market capitalization of $1.46 trillion, a price-to-earnings ratio of 32.05, a PEG ratio of 1.34 and a beta of 1.28. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $307.30.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be given a $0.8348 dividend. The ex-dividend date is Thursday, December 11th. This represents a $3.34 annualized dividend and a yield of 1.2%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing’s payout ratio is 29.65%.
Wall Street Analyst Weigh In
Several analysts have issued reports on TSM shares. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. Itau BBA Securities started coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday. They set an “outperform” rating on the stock. Needham & Company LLC restated a “buy” rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Susquehanna upped their price objective on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a research note on Friday. Finally, Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.33.
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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