Cambiar Investors LLC Has $13.66 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cambiar Investors LLC trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,670 shares of the semiconductor company’s stock after selling 5,191 shares during the period. Cambiar Investors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $13,663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norden Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $244,000. J.W. Cole Advisors Inc. boosted its position in Taiwan Semiconductor Manufacturing by 10.6% during the first quarter. J.W. Cole Advisors Inc. now owns 5,477 shares of the semiconductor company’s stock worth $747,000 after purchasing an additional 526 shares during the period. Private Advisor Group LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 9.0% in the first quarter. Private Advisor Group LLC now owns 50,560 shares of the semiconductor company’s stock valued at $6,879,000 after purchasing an additional 4,157 shares during the period. Mission Wealth Management LP lifted its stake in shares of Taiwan Semiconductor Manufacturing by 17.0% during the 1st quarter. Mission Wealth Management LP now owns 6,625 shares of the semiconductor company’s stock worth $901,000 after buying an additional 963 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 7.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 333,581 shares of the semiconductor company’s stock worth $45,384,000 after buying an additional 22,710 shares during the period. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $192.99 on Friday. The firm has a market cap of $1.00 trillion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 0.92 and a beta of 1.12. The business’s fifty day moving average is $180.45 and its 200-day moving average is $167.88. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $89.46 and a 52-week high of $212.60. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.21 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.4871 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TSM. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday. TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.