Valley National Advisers Inc. Cuts Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

by · The Cerbat Gem

Valley National Advisers Inc. decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 13.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,447 shares of the semiconductor company’s stock after selling 3,917 shares during the period. Taiwan Semiconductor Manufacturing comprises 0.8% of Valley National Advisers Inc.’s investment portfolio, making the stock its 24th biggest position. Valley National Advisers Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $4,245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSM. Brookstone Capital Management increased its stake in shares of Taiwan Semiconductor Manufacturing by 12.0% during the first quarter. Brookstone Capital Management now owns 7,436 shares of the semiconductor company’s stock worth $1,012,000 after purchasing an additional 798 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 68.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 4,546 shares of the semiconductor company’s stock worth $618,000 after purchasing an additional 1,842 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $361,000. Founders Financial Securities LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $888,000. Finally, SteelPeak Wealth LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 9.3% during the first quarter. SteelPeak Wealth LLC now owns 2,312 shares of the semiconductor company’s stock worth $316,000 after purchasing an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $203.44 on Friday. 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 $1.06 trillion, a price-to-earnings ratio of 38.75, a PEG ratio of 0.96 and a beta of 1.14. The company’s 50-day moving average is $178.19 and its two-hundred day moving average is $166.30. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.95 and a 1-year high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.4871 dividend. This represents a $1.95 annualized dividend and a yield of 0.96%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 36.95%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TSM shares. TD Cowen boosted 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. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays boosted their price target 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. Finally, Needham & Company LLC restated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average price target of $209.00.

Check Out Our Latest Report on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Profile

(Free Report)

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.

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