Fifth Third Bancorp decreased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 9.7% during the 4th quarter, HoldingsChannel reports. The firm owned 62,720 shares of the semiconductor company’s stock after selling 6,734 shares during the period. Fifth Third Bancorp’s holdings in Taiwan Semiconductor Manufacturing were worth $12,387,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FWG Holdings LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.6% during the third quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock valued at $539,000 after acquiring an additional 50 shares during the period. Elmwood Wealth Management Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 3.7% during the 4th quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock valued at $277,000 after purchasing an additional 50 shares during the period. Gilman Hill Asset Management LLC grew its position in Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock worth $319,000 after purchasing an additional 52 shares during the last quarter. Traynor Capital Management Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.4% in the fourth quarter. Traynor Capital Management Inc. now owns 1,566 shares of the semiconductor company’s stock valued at $309,000 after purchasing an additional 52 shares during the period. Finally, XML Financial LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 2.0% during the fourth quarter. XML Financial LLC now owns 2,660 shares of the semiconductor company’s stock valued at $525,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Price Performance
Shares of Taiwan Semiconductor Manufacturing stock opened at $221.73 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $112.61 and a 52 week high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.15 trillion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07. The company’s 50-day moving average price is $201.07 and its two-hundred day moving average price is $185.75.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.27%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on TSM shares. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday, January 20th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $220.00.
Get Our Latest Stock Analysis on Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Company 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.
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