Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC reduced its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,057 shares of the semiconductor company’s stock after selling 88 shares during the period. MFA Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $531,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TSM. Van ECK Associates Corp lifted its stake in shares of Taiwan Semiconductor Manufacturing by 53.4% during the 1st quarter. Van ECK Associates Corp now owns 17,416,194 shares of the semiconductor company’s stock worth $2,369,473,000 after purchasing an additional 6,060,511 shares during the period. Capital International Investors increased its stake in Taiwan Semiconductor Manufacturing by 40.2% in the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after purchasing an additional 5,643,949 shares during the last quarter. PineStone Asset Management Inc. lifted its position in Taiwan Semiconductor Manufacturing by 116.3% during the second quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock worth $1,352,992,000 after buying an additional 4,186,133 shares during the period. Clearbridge Investments LLC boosted its stake in Taiwan Semiconductor Manufacturing by 669.7% in the 2nd quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company’s stock worth $646,832,000 after buying an additional 3,237,998 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in Taiwan Semiconductor Manufacturing by 1,226.7% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company’s stock worth $344,809,000 after buying an additional 1,834,298 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 1.2 %

TSM opened at $200.77 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.95 and a 12-month high of $212.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The stock has a market capitalization of $1.04 trillion, a PE ratio of 32.17, a P/E/G ratio of 0.96 and a beta of 1.14. The firm’s fifty day moving average price is $177.14 and its 200 day moving average price is $165.51.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a dividend yield of 0.97%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TSM. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Company 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.