PFG Investments LLC Has $2.19 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

PFG Investments LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,599 shares of the semiconductor company’s stock after purchasing an additional 613 shares during the quarter. PFG Investments LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,188,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Arkadios Wealth Advisors boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.5% during the third quarter. Arkadios Wealth Advisors now owns 10,131 shares of the semiconductor company’s stock worth $1,760,000 after purchasing an additional 342 shares during the period. NorthCrest Asset Manangement LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 266,167 shares of the semiconductor company’s stock worth $46,225,000 after purchasing an additional 6,213 shares during the period. BKM Wealth Management LLC raised its position in Taiwan Semiconductor Manufacturing by 15.8% during the third quarter. BKM Wealth Management LLC now owns 4,562 shares of the semiconductor company’s stock valued at $792,000 after acquiring an additional 622 shares in the last quarter. Parcion Private Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $218,000. Finally, Lyell Wealth Management LP lifted its stake in Taiwan Semiconductor Manufacturing by 1.4% in the third quarter. Lyell Wealth Management LP now owns 60,547 shares of the semiconductor company’s stock valued at $10,515,000 after acquiring an additional 854 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $203.44 on Friday. The firm has a fifty day simple moving average of $178.19 and a 200-day simple moving average of $166.30. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.95 and a 1-year high of $212.60. The stock has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 38.75, a PEG ratio of 0.96 and a beta of 1.14.

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 paid a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.96%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 36.95%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday. TD Cowen lifted 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 note on Thursday, July 18th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.