TKG Advisors LLC Trims Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

TKG Advisors LLC decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,157 shares of the semiconductor company’s stock after selling 353 shares during the period. TKG Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital World Investors grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.7% in the 1st quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock worth $5,722,410,000 after acquiring an additional 704,804 shares during the period. Capital International Investors increased its position in Taiwan Semiconductor Manufacturing by 40.2% during the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock worth $2,679,602,000 after buying an additional 5,643,949 shares in the last quarter. Van ECK Associates Corp increased its position in Taiwan Semiconductor Manufacturing by 0.7% during the third quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company’s stock worth $3,176,423,000 after buying an additional 122,828 shares in the last quarter. GQG Partners LLC increased its position in Taiwan Semiconductor Manufacturing by 25.1% during the first quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company’s stock worth $1,161,633,000 after buying an additional 1,710,673 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Taiwan Semiconductor Manufacturing by 3.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,873,873 shares of the semiconductor company’s stock worth $1,071,242,000 after buying an additional 296,892 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

TSM has been the subject of several recent research reports. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday. Barclays raised 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. TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Down 0.3 %

Shares of TSM traded down $0.58 during midday trading on Monday, reaching $192.37. 2,651,772 shares of the company were exchanged, compared to its average volume of 15,472,597. The stock has a 50-day moving average price of $180.45 and a 200-day moving average price of $168.28. The company has a market cap of $997.71 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 0.92 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $91.29 and a 1-year high of $212.60. The company has a current ratio of 2.57, a quick ratio of 2.21 and a debt-to-equity ratio of 0.23.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced 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 represents a $1.95 dividend on an annualized basis and a dividend yield of 1.01%. 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. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

Taiwan Semiconductor Manufacturing 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.