Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by HM Payson & Co.

by · The Cerbat Gem

HM Payson & Co. decreased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 9.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,810 shares of the semiconductor company’s stock after selling 7,955 shares during the quarter. HM Payson & Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $12,992,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Voisard Asset Management Group Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth approximately $82,000. Financial Advocates Investment Management increased its stake in shares of Taiwan Semiconductor Manufacturing by 13.6% during the third quarter. Financial Advocates Investment Management now owns 16,036 shares of the semiconductor company’s stock worth $2,785,000 after buying an additional 1,914 shares during the period. Cornerstone Wealth Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 7.2% during the third quarter. Cornerstone Wealth Group LLC now owns 2,103 shares of the semiconductor company’s stock worth $365,000 after buying an additional 141 shares during the period. SteelPeak Wealth LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 144.6% during the third quarter. SteelPeak Wealth LLC now owns 7,664 shares of the semiconductor company’s stock worth $1,336,000 after buying an additional 4,531 shares during the period. Finally, Diversify Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 15.9% during the third quarter. Diversify Wealth Management LLC now owns 7,054 shares of the semiconductor company’s stock worth $1,225,000 after buying an additional 970 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock traded down $3.57 during trading on Thursday, hitting $190.91. 1,365,382 shares of the company’s stock traded hands, compared to its average volume of 15,491,104. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.95 and a 52 week high of $212.60. The stock has a fifty day moving average price of $179.54 and a two-hundred day moving average price of $167.35. The stock has a market capitalization of $990.14 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 0.98 and a beta of 1.14.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. 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 yield of 1.02%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 36.95%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TSM shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. TD Cowen upped their price target on 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 note on Friday, October 18th. Finally, Barclays upped their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $209.00.

Check Out Our Latest Stock Analysis 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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