Berkshire Asset Management LLC PA bought a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,125 shares of the semiconductor company’s stock, valued at approximately $384,000.
Several other large investors have also recently bought and sold shares of TSM. Key Financial Inc grew its position in Taiwan Semiconductor Manufacturing by 666.7% during the first quarter. Key Financial Inc now owns 345 shares of the semiconductor company’s stock worth $32,000 after buying an additional 300 shares in the last quarter. America First Investment Advisors LLC bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $33,000. MBM Wealth Consultants LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $27,000. Bogart Wealth LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 71.4% during the 1st quarter. Bogart Wealth LLC now owns 365 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 152 shares in the last quarter. Finally, Chilton Capital Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth $34,000. 16.51% of the stock is owned by institutional investors.
Taiwan Semiconductor Manufacturing Stock Up 0.8 %
Shares of NYSE:TSM opened at $91.23 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $59.43 and a 12-month high of $110.69. The company has a current ratio of 2.42, a quick ratio of 2.13 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $96.22 and its 200-day moving average price is $93.93. The stock has a market capitalization of $473.13 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 3.13 and a beta of 1.07.
Taiwan Semiconductor Manufacturing Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 15th will be paid a $0.4724 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.89 annualized dividend and a dividend yield of 2.07%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 24.42%.
Analyst Ratings Changes
A number of research analysts recently commented on TSM shares. Needham & Company LLC reduced their target price on Taiwan Semiconductor Manufacturing from $118.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Finally, Susquehanna increased their price target on shares of Taiwan Semiconductor Manufacturing from $128.00 to $135.00 and gave the company a “positive” rating in a research report on Friday, July 14th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $108.33.
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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.
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