Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by TCG Advisory Services LLC

TCG Advisory Services LLC raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 334.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,240 shares of the semiconductor company’s stock after buying an additional 10,192 shares during the period. TCG Advisory Services LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,377,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Farmers & Merchants Investments Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $31,000. Creative Financial Designs Inc. ADV raised its holdings in Taiwan Semiconductor Manufacturing by 108.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 162 shares in the last quarter. Financial Gravity Asset Management Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 211 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $37,000. Finally, Baystate Wealth Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 53.5% in the 3rd quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 138 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded up $5.33 during trading hours on Friday, reaching $141.56. The stock had a trading volume of 13,264,336 shares, compared to its average volume of 15,843,582. The firm has a 50-day moving average of $138.12 and a 200-day moving average of $116.26. The firm has a market cap of $734.19 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 0.97 and a beta of 1.13. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $82.53 and a fifty-two week high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.25%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 33.52%.

Analyst Ratings Changes

TSM has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

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.