Impax Asset Management Group plc Grows Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Impax Asset Management Group plc raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 33.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,418 shares of the semiconductor company’s stock after purchasing an additional 6,664 shares during the quarter. Impax Asset Management Group plc’s holdings in Taiwan Semiconductor Manufacturing were worth $4,588,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TSM. Norden Group LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth about $244,000. Chevy Chase Trust Holdings LLC raised its holdings 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 valued at $727,000 after buying an additional 2,778 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $252,000. Csenge Advisory Group raised its holdings in shares of Taiwan Semiconductor Manufacturing by 18.3% during the 1st quarter. Csenge Advisory Group now owns 4,387 shares of the semiconductor company’s stock valued at $597,000 after buying an additional 680 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 8.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 18,738 shares of the semiconductor company’s stock valued at $2,549,000 after buying an additional 1,526 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $195.72 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $91.29 and a fifty-two week high of $212.60. The business has a 50 day moving average price of $181.40 and a two-hundred day moving average price of $169.18. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.02 trillion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.4871 dividend. 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. This represents a $1.95 annualized dividend and a dividend yield of 1.00%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

Analysts Set New Price Targets

TSM has been the topic of several analyst reports. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, TD Cowen raised their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $209.00.

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.