Busey Bank Raises Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

by · The Markets Daily

Busey Bank raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 18.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,658 shares of the semiconductor company’s stock after purchasing an additional 410 shares during the period. Busey Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $462,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TSM. Atlantic Edge Private Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $25,000. Olistico Wealth LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $27,000. Valley Wealth Managers Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $27,000. North Star Investment Management Corp. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 670.4% in the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after buying an additional 181 shares during the last quarter. Finally, NewSquare Capital LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $29,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $203.33 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The business’s 50-day simple moving average is $177.61 and its two-hundred day simple moving average is $165.74. The stock has a market cap of $1.05 trillion, a PE ratio of 38.73, a P/E/G ratio of 0.96 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.95 and a 52 week high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 0.96%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 36.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TSM shares. TD Cowen raised 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. Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, Barclays raised 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $209.00.

View Our Latest Report on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company 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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