Gold Investment Management Ltd. Sells 4,310 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Gold Investment Management Ltd. trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,924 shares of the semiconductor company’s stock after selling 4,310 shares during the period. Taiwan Semiconductor Manufacturing makes up about 3.0% of Gold Investment Management Ltd.’s holdings, making the stock its 2nd biggest position. Gold Investment Management Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $7,189,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TSM. Norden Group LLC acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $244,000. Chevy Chase Trust Holdings LLC increased its position in Taiwan Semiconductor Manufacturing by 108.3% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 5,343 shares of the semiconductor company’s stock worth $727,000 after purchasing an additional 2,778 shares during the last quarter. Csenge Advisory Group increased its position in Taiwan Semiconductor Manufacturing by 18.3% in the 1st quarter. Csenge Advisory Group now owns 4,387 shares of the semiconductor company’s stock worth $597,000 after purchasing an additional 680 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Taiwan Semiconductor Manufacturing by 10.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 68,728 shares of the semiconductor company’s stock worth $9,350,000 after purchasing an additional 6,683 shares during the last quarter. Finally, Empowered Funds LLC increased its position in Taiwan Semiconductor Manufacturing by 53.8% in the 1st quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock worth $2,837,000 after purchasing an additional 7,293 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $205.13 on Friday. The company has a market cap of $1.06 trillion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12. The stock has a 50-day moving average of $181.89 and a 200-day moving average of $169.35. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $91.60 and a 52-week 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.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This is an increase 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 0.95%. Taiwan Semiconductor Manufacturing’s dividend 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.