Lazari Capital Management Inc. Grows Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Lazari Capital Management Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,456 shares of the semiconductor company’s stock after purchasing an additional 99 shares during the period. Lazari Capital Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of TSM. BOKF NA raised its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% in the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after acquiring an additional 81 shares during the period. Cetera Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 80.7% in the first quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock worth $10,787,000 after purchasing an additional 35,404 shares during the last quarter. ProShare Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $210,000. Empowered Funds LLC grew its stake 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 valued at $2,837,000 after buying an additional 7,293 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $437,000. 16.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TSM has been the subject of several research analyst reports. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $198.49 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.95 and a one year high of $212.60. The company has a market capitalization of $1.03 trillion, a PE ratio of 31.81, a P/E/G ratio of 1.16 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The company has a 50-day simple moving average of $176.52 and a two-hundred day simple moving average of $165.27.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 0.98%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 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.