Princeton Global Asset Management LLC Purchases 2,941 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Princeton Global Asset Management LLC raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,959 shares of the semiconductor company’s stock after acquiring an additional 2,941 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 3.4% of Princeton Global Asset Management LLC’s holdings, making the stock its 3rd largest position. Princeton Global Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $17,707,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norden Group LLC bought a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at about $244,000. Private Advisor Group LLC boosted its position in Taiwan Semiconductor Manufacturing by 9.0% during the first quarter. Private Advisor Group LLC now owns 50,560 shares of the semiconductor company’s stock worth $6,879,000 after purchasing an additional 4,157 shares during the period. Choreo LLC grew its holdings in Taiwan Semiconductor Manufacturing by 44.8% during the first quarter. Choreo LLC now owns 3,920 shares of the semiconductor company’s stock valued at $534,000 after purchasing an additional 1,213 shares during the last quarter. Goelzer Investment Management Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $272,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $295,000. 16.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TSM has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Friday. TD Cowen increased their price objective on 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, Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $192.95 on Friday. The stock’s 50 day simple moving average is $180.45 and its 200-day simple moving average is $168.08. 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 stock has a market cap of $1.00 trillion, a PE ratio of 30.92, a P/E/G ratio of 0.92 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $89.46 and a 1 year high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm 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 is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.01%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

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.