Lindbrook Capital LLC Raises Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Lindbrook Capital LLC boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,003 shares of the semiconductor company’s stock after buying an additional 1,362 shares during the period. Lindbrook Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,258,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TSM. Assetmark Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 3.8% in the third quarter. Assetmark Inc. now owns 301,964 shares of the semiconductor company’s stock worth $52,442,000 after acquiring an additional 10,986 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 14.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 13,218 shares of the semiconductor company’s stock valued at $2,296,000 after purchasing an additional 1,711 shares in the last quarter. Pegasus Partners Ltd. boosted its stake in Taiwan Semiconductor Manufacturing by 83.2% during the 3rd quarter. Pegasus Partners Ltd. now owns 2,865 shares of the semiconductor company’s stock worth $498,000 after purchasing an additional 1,301 shares during the last quarter. Crumly & Associates Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 7.7% during the third quarter. Crumly & Associates Inc. now owns 5,858 shares of the semiconductor company’s stock worth $1,017,000 after buying an additional 418 shares in the last quarter. Finally, Galvin Gaustad & Stein LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 5.9% in the third quarter. Galvin Gaustad & Stein LLC now owns 103,491 shares of the semiconductor company’s stock valued at $17,973,000 after buying an additional 5,779 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TSM shares. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. 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. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Up 0.0 %

TSM stock opened at $201.20 on Friday. The firm has a market cap of $1.04 trillion, a PE ratio of 32.24, a PEG ratio of 0.93 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $91.60 and a one year high of $212.60. 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 firm’s 50 day moving average price is $183.11 and its 200-day moving average price is $170.07.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a $0.4871 dividend. This represents a $1.95 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

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.