Sowell Financial Services LLC Acquires 333 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sowell Financial Services LLC grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,290 shares of the semiconductor company’s stock after buying an additional 333 shares during the quarter. Sowell Financial Services LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,161,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.8% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 7,711 shares of the semiconductor company’s stock valued at $670,000 after purchasing an additional 135 shares in the last quarter. NewEdge Wealth LLC lifted its position in Taiwan Semiconductor Manufacturing by 0.7% during the 3rd quarter. NewEdge Wealth LLC now owns 33,278 shares of the semiconductor company’s stock worth $2,892,000 after buying an additional 224 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company’s stock valued at $2,328,426,000 after acquiring an additional 666,826 shares in the last quarter. Fosun International Ltd increased its position in shares of Taiwan Semiconductor Manufacturing by 129.2% in the third quarter. Fosun International Ltd now owns 20,400 shares of the semiconductor company’s stock valued at $1,773,000 after acquiring an additional 11,500 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its holdings in Taiwan Semiconductor Manufacturing by 0.9% during the third quarter. Banque Cantonale Vaudoise now owns 92,835 shares of the semiconductor company’s stock worth $8,067,000 after acquiring an additional 852 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TSM shares. TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research note on Friday, January 12th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, December 8th. Susquehanna lowered their price target on Taiwan Semiconductor Manufacturing from $135.00 to $130.00 in a research report on Monday, October 9th. Finally, Needham & Company LLC raised their price objective on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a research report on Friday, January 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $120.75.

Read Our Latest Research Report on TSM

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $118.79 on Tuesday. The company has a market capitalization of $616.09 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 2.62 and a beta of 1.13. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.88 and a current ratio of 2.15. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $81.21 and a 52 week high of $119.54. The company has a 50-day simple moving average of $104.89 and a 200 day simple moving average of $96.82.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Tuesday, March 19th will be given a $0.5415 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.17 annualized dividend and a dividend yield of 1.82%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 29.54%.

About Taiwan Semiconductor Manufacturing

(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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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