Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Holdings Lifted by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC raised its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.4% in the third quarter, Holdings Channel reports. The firm owned 266,167 shares of the semiconductor company’s stock after buying an additional 6,213 shares during the period. Taiwan Semiconductor Manufacturing accounts for 1.4% of NorthCrest Asset Manangement LLC’s investment portfolio, making the stock its 9th largest holding. NorthCrest Asset Manangement LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $46,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in TSM. BKM Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 15.8% in the third quarter. BKM Wealth Management LLC now owns 4,562 shares of the semiconductor company’s stock worth $792,000 after purchasing an additional 622 shares in the last quarter. Parcion Private Wealth LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $218,000. Lyell Wealth Management LP raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% in the 3rd quarter. Lyell Wealth Management LP now owns 60,547 shares of the semiconductor company’s stock valued at $10,515,000 after acquiring an additional 854 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its holdings in Taiwan Semiconductor Manufacturing by 22.4% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,004 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 184 shares during the last quarter. Finally, Ballentine Partners LLC boosted its position in Taiwan Semiconductor Manufacturing by 12.8% during the third quarter. Ballentine Partners LLC now owns 35,151 shares of the semiconductor company’s stock worth $6,105,000 after purchasing an additional 3,976 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded up $5.51 on Friday, hitting $203.44. 13,434,862 shares of the stock traded hands, compared to its average volume of 15,571,556. The business has a fifty day moving average price of $178.19 and a two-hundred day moving average price of $166.16. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.95 and a 52 week high of $212.60. The firm has a market capitalization of $1.06 trillion, a PE ratio of 38.73, a P/E/G ratio of 0.96 and a beta of 1.14.

Taiwan Semiconductor Manufacturing Increases Dividend

The company 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 $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.96%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 36.95%.

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.