Ameliora Wealth Management Ltd. cut its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 17.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,450 shares of the semiconductor company’s stock after selling 305 shares during the quarter. Ameliora Wealth Management Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $252,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $27,000. Olistico Wealth LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $27,000. NewSquare Capital LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $29,000. Finally, Fairscale Capital LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $32,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Stock Performance
TSM traded up $5.03 during trading on Friday, hitting $190.81. 12,163,858 shares of the company traded hands, compared to its average volume of 11,728,956. The firm has a market cap of $989.62 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 1.09 and a beta of 1.14. The stock’s fifty day moving average is $171.64 and its 200 day moving average is $162.29. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.95 and a one year high of $193.47.
Taiwan Semiconductor Manufacturing Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given 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 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 35.24%.
Analysts Set New Price Targets
TSM has been the topic of a number of analyst reports. Needham & Company LLC upped their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Susquehanna reissued a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Finally, Sanford C. Bernstein increased their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $200.00.
Check Out Our Latest Stock Report on Taiwan Semiconductor Manufacturing
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.
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