Lebenthal Global Advisors LLC Has $1.56 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Lebenthal Global Advisors LLC raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 22.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 8,957 shares of the semiconductor company’s stock after purchasing an additional 1,671 shares during the period. Lebenthal Global Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,556,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $25,000. Reston Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $25,000. Olistico Wealth LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $27,000. Valley Wealth Managers Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $27,000. Finally, NewSquare Capital LLC bought a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $29,000. 16.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TSM has been the subject of several research analyst reports. Barclays lifted their price target 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, October 23rd. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Up 3.3 %

Shares of TSM traded up $6.25 on Friday, reaching $196.79. The company’s stock had a trading volume of 2,926,385 shares, compared to its average volume of 15,487,013. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $89.46 and a twelve month high of $212.60. The stock has a market capitalization of $1.02 trillion, a PE ratio of 31.49, a PEG ratio of 0.94 and a beta of 1.14. The company has a current ratio of 2.57, a quick ratio of 2.21 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average of $180.02 and a 200-day moving average of $167.52.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.09%.

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.