Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.8% in the third quarter, Holdings Channel.com reports. The fund owned 120,527 shares of the semiconductor company’s stock after selling 4,750 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 2.1% of Zweig DiMenna Associates LLC’s investment portfolio, making the stock its 13th largest position. Zweig DiMenna Associates LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $20,932,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 54.9% during the third quarter. Global Trust Asset Management LLC now owns 1,693 shares of the semiconductor company’s stock valued at $294,000 after purchasing an additional 600 shares during the last quarter. Mcdaniel Terry & Co. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.3% in the 3rd quarter. Mcdaniel Terry & Co. now owns 294,866 shares of the semiconductor company’s stock valued at $51,209,000 after buying an additional 979 shares during the period. BOCHK Asset Management Ltd grew its position in shares of Taiwan Semiconductor Manufacturing by 1,616.3% during the 3rd quarter. BOCHK Asset Management Ltd now owns 142,113 shares of the semiconductor company’s stock valued at $24,681,000 after buying an additional 133,833 shares during the last quarter. Bogart Wealth LLC raised its stake in Taiwan Semiconductor Manufacturing by 33.1% during the third quarter. Bogart Wealth LLC now owns 1,497 shares of the semiconductor company’s stock worth $260,000 after acquiring an additional 372 shares during the period. Finally, Impact Partnership Wealth LLC raised its stake in Taiwan Semiconductor Manufacturing by 13.9% during the third quarter. Impact Partnership Wealth LLC now owns 1,344 shares of the semiconductor company’s stock worth $233,000 after acquiring an additional 164 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TSM has been the subject of several recent research reports. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $197.90 on Friday. The business has a 50 day simple moving average of $177.14 and a 200 day simple moving average of $165.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The firm has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 37.70, a price-to-earnings-growth ratio of 0.96 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.95 and a 12-month high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.98%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 36.95%.

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.