GFS Advisors LLC Purchases 79 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

GFS Advisors LLC increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,617 shares of the semiconductor company’s stock after acquiring an additional 79 shares during the quarter. GFS Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $281,000 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 company. Norden Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $244,000. Private Advisor Group LLC boosted 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 acquiring an additional 4,157 shares during the period. Choreo LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 44.8% in the first quarter. Choreo LLC now owns 3,920 shares of the semiconductor company’s stock worth $534,000 after acquiring an additional 1,213 shares during the last quarter. Goelzer Investment Management Inc. bought a new position in Taiwan Semiconductor Manufacturing during the first quarter worth $272,000. Finally, Fidelis Capital Partners LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $295,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 1.3 %

Shares of TSM opened at $192.95 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $89.46 and a 12 month high of $212.60. The stock has a market cap of $1.00 trillion, a price-to-earnings ratio of 30.92, a P/E/G ratio of 0.92 and a beta of 1.12. The company has a 50-day moving average price of $180.45 and a two-hundred day moving average price of $168.08. The company has a quick ratio of 2.21, a current ratio of 2.57 and a debt-to-equity ratio of 0.23.

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. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.01%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.57%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TSM. Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays lifted 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, October 23rd. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday. Finally, TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $209.00.

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.