Zweig DiMenna Associates LLC Cuts Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Zweig DiMenna Associates LLC lowered its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 120,527 shares of the semiconductor company’s stock after selling 4,750 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 2.1% of Zweig DiMenna Associates LLC’s holdings, making the stock its 13th largest holding. Zweig DiMenna Associates LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $20,932,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Global Trust Asset Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 54.9% during the third quarter. Global Trust Asset Management LLC now owns 1,693 shares of the semiconductor company’s stock worth $294,000 after buying an additional 600 shares during the period. Mcdaniel Terry & Co. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.3% during the 3rd quarter. Mcdaniel Terry & Co. now owns 294,866 shares of the semiconductor company’s stock valued at $51,209,000 after acquiring an additional 979 shares in the last quarter. BOCHK Asset Management Ltd boosted its position in Taiwan Semiconductor Manufacturing by 1,616.3% during the 3rd quarter. BOCHK Asset Management Ltd now owns 142,113 shares of the semiconductor company’s stock worth $24,681,000 after purchasing an additional 133,833 shares during the period. Bogart Wealth LLC increased its holdings in Taiwan Semiconductor Manufacturing by 33.1% in the 3rd quarter. Bogart Wealth LLC now owns 1,497 shares of the semiconductor company’s stock valued at $260,000 after purchasing an additional 372 shares in the last quarter. Finally, Impact Partnership Wealth LLC raised its position in Taiwan Semiconductor Manufacturing by 13.9% in the third quarter. Impact Partnership Wealth LLC now owns 1,344 shares of the semiconductor company’s stock valued at $233,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $197.90 on Friday. The firm has a market cap of $1.03 trillion, a price-to-earnings ratio of 37.70, a PEG ratio of 0.96 and a beta of 1.14. 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 business’s 50 day moving average is $177.14 and its two-hundred day moving average is $165.51. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.95 and a 52-week high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a yield of 0.98%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 36.95%.

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.