Advisor Resource Council Takes $613,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Advisor Resource Council bought a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,527 shares of the semiconductor company’s stock, valued at approximately $613,000.

Several other institutional investors and hedge funds have also bought and sold shares of TSM. M&G PLC lifted its stake in Taiwan Semiconductor Manufacturing by 27.1% during the third quarter. M&G PLC now owns 195,464 shares of the semiconductor company’s stock worth $34,011,000 after purchasing an additional 41,717 shares during the last quarter. Spinnaker Trust bought a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $394,000. American Capital Advisory LLC bought a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth $38,000. Concurrent Investment Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 13.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 14,398 shares of the semiconductor company’s stock valued at $2,500,000 after purchasing an additional 1,703 shares during the period. Finally, Maia Wealth LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 15.3% during the 3rd quarter. Maia Wealth LLC now owns 19,018 shares of the semiconductor company’s stock valued at $3,303,000 after buying an additional 2,523 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TSM shares. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $193.39 on Thursday. The stock has a market cap of $1.00 trillion, a P/E ratio of 30.99, a P/E/G ratio of 0.93 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57. The stock’s fifty day moving average is $181.89 and its 200 day moving average is $169.35. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $91.60 and a one year high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. 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 dividend yield of 1.01%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

About Taiwan Semiconductor Manufacturing

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.