Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Equitable Trust Co.

Equitable Trust Co. increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,590 shares of the semiconductor company’s stock after acquiring an additional 3,178 shares during the period. Equitable Trust Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $6,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TSM. Norden Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $244,000. Chevy Chase Trust Holdings LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 108.3% during the 1st 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 last quarter. Empowered Funds LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 53.8% during the first quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock worth $2,837,000 after buying an additional 7,293 shares in the last quarter. Wealthspire Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 25.2% in the first quarter. Wealthspire Advisors LLC now owns 4,165 shares of the semiconductor company’s stock valued at $567,000 after buying an additional 837 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Taiwan Semiconductor Manufacturing by 26.7% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,384 shares of the semiconductor company’s stock valued at $869,000 after buying an additional 1,345 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on TSM. Barclays lifted 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 note on Wednesday, October 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. TD Cowen upped 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 note on Thursday, July 18th. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Up 0.0 %

TSM opened at $201.20 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $91.60 and a 1 year high of $212.60. The firm has a 50 day moving average price of $183.11 and a 200 day moving average price of $170.07. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57. The company has a market cap of $1.04 trillion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced 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 represents a $1.95 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) 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.