Maia Wealth LLC Has $3.30 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Maia Wealth LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 15.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,018 shares of the semiconductor company’s stock after purchasing an additional 2,523 shares during the quarter. Maia Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,303,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in TSM. Norden Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth approximately $244,000. Chevy Chase Trust Holdings LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 108.3% during the first quarter. Chevy Chase Trust Holdings LLC now owns 5,343 shares of the semiconductor company’s stock worth $727,000 after purchasing an additional 2,778 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $252,000. Csenge Advisory Group raised its position in Taiwan Semiconductor Manufacturing by 18.3% during the first quarter. Csenge Advisory Group now owns 4,387 shares of the semiconductor company’s stock valued at $597,000 after acquiring an additional 680 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Taiwan Semiconductor Manufacturing by 8.9% during the first quarter. Geneos Wealth Management Inc. now owns 18,738 shares of the semiconductor company’s stock valued at $2,549,000 after acquiring an additional 1,526 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TSM. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. TD Cowen raised 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 report on Thursday, July 18th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Two 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, the stock has an average rating of “Moderate Buy” and an average target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded down $6.56 during trading hours on Wednesday, hitting $189.20. 5,907,033 shares of the company traded hands, compared to its average volume of 15,433,496. The stock has a market capitalization of $981.27 billion, a price-to-earnings ratio of 31.37, a P/E/G ratio of 0.93 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $91.60 and a twelve month high of $212.60. The firm has a 50-day moving average of $181.40 and a 200 day moving average of $169.18. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.03%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend 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.