Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Holdings Cut by Dupree Financial Group LLC

Dupree Financial Group LLC cut its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 49.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,944 shares of the semiconductor company’s stock after selling 19,614 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 1.4% of Dupree Financial Group LLC’s portfolio, making the stock its 28th largest holding. Dupree Financial Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. RFG Advisory LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 17.1% during the first quarter. RFG Advisory LLC now owns 2,635 shares of the semiconductor company’s stock valued at $359,000 after acquiring an additional 385 shares during the period. International Assets Investment Management LLC grew its position in Taiwan Semiconductor Manufacturing by 62.9% in the 1st quarter. International Assets Investment Management LLC now owns 3,351 shares of the semiconductor company’s stock worth $474,000 after purchasing an additional 1,294 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $3,099,000. First Financial Corp IN acquired a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at $40,000. Finally, Sunbelt Securities Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 375.6% in the first quarter. Sunbelt Securities Inc. now owns 5,251 shares of the semiconductor company’s stock worth $714,000 after purchasing an additional 4,147 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $198.49 on Wednesday. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.03 trillion, a PE ratio of 31.81, a P/E/G ratio of 1.16 and a beta of 1.14. The business has a fifty day simple moving average of $176.52 and a 200-day simple moving average of $165.27. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 0.98%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

Analyst Ratings Changes

A number of research analysts recently commented on TSM shares. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Needham & Company LLC restated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $200.00.

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.