Trust Co. of Oklahoma raised its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 1.1% in the 2nd quarter, Holdings Channel reports. The firm owned 6,656 shares of the semiconductor company’s stock after buying an additional 70 shares during the period. Trust Co. of Oklahoma’s holdings in Taiwan Semiconductor Manufacturing were worth $1,508,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. City Holding Co. increased its position in shares of Taiwan Semiconductor Manufacturing by 238.0% in the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 119 shares in the last quarter. 1248 Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the first quarter worth about $28,000. Signature Resources Capital Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 138.8% in the first quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 111 shares in the last quarter. Graybill Wealth Management LTD. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth about $33,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $33,000. 16.51% of the stock is owned by institutional investors.
Taiwan Semiconductor Manufacturing Stock Performance
Shares of TSM stock opened at $259.27 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $264.58. The company’s fifty day simple moving average is $238.56 and its 200-day simple moving average is $202.97. The firm has a market cap of $1.34 trillion, a PE ratio of 29.56, a P/E/G ratio of 1.23 and a beta of 1.23. 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 business 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. 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, December 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 28.16%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on TSM. Needham & Company LLC reiterated a “buy” rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Wall Street Zen raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Susquehanna boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a “positive” rating in a research report on Monday, July 14th. Finally, Barclays reiterated an “overweight” rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $258.33.
Read Our Latest Stock Report 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.
Featured Articles
- Five stocks we like better than Taiwan Semiconductor Manufacturing
- How to Choose Top Rated Stocks
- Ride the Luxury Retail Wave with These 3 High-End Brand Stocks
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Wall Street Quietly Bets Big on These Chinese Tech Giants
- What is the MACD Indicator and How to Use it in Your Trading
- Meta’s $600B U.S. Investment: Bearish or Bullish for Shares?
Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report).
Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.