Avidian Wealth Enterprises LLC grew its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 7.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 7,428 shares of the semiconductor company’s stock after acquiring an additional 546 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,682,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of TSM. 1248 Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth about $28,000. Graybill Wealth Management LTD. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth about $33,000. Vision Financial Markets LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth approximately $33,000. Keener Financial Planning LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth approximately $39,000. Finally, Hemington Wealth Management raised its holdings in shares of Taiwan Semiconductor Manufacturing by 78.2% during the first quarter. Hemington Wealth Management now owns 253 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 111 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Stock Performance
Shares of NYSE TSM opened at $294.53 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.15. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $311.37. The business’s 50-day moving average price is $264.29 and its two-hundred day moving average price is $224.00. The company has a market capitalization of $1.53 trillion, a P/E ratio of 30.21, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be given a dividend of $0.8348 per share. The ex-dividend date of this dividend is Thursday, December 11th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. This represents a $3.34 annualized dividend and a yield of 1.1%. Taiwan Semiconductor Manufacturing’s payout ratio is 26.97%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on TSM shares. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Itau BBA Securities started coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They set an “outperform” rating on the stock. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Needham & Company LLC lifted their target price on Taiwan Semiconductor Manufacturing from $270.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $371.67.
Get Our Latest Report on Taiwan Semiconductor Manufacturing
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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