Regent Peak Wealth Advisors LLC increased its equity position in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM – Get Rating) by 42.5% in the fourth quarter, according to its latest 13F filing with the SEC. The company owned his 20,867 shares of the semiconductor company’s stock after purchasing an additional 6,219 of his shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were valued at $1,568,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of TSM. Investors Asset Management of Georgia Inc. GA ADV increased its stake in Taiwan Semiconductor Manufacturing by 121.2% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 365 shares of the semiconductor company worth $25,000 after purchasing an additional 200 of his shares during this period. Red Tortoise LLC purchased a new position in Taiwan Semiconductor Manufacturing for his $26,000 in the fourth quarter. Boyd Watterson Asset Management LLC OH purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter for approximately $27,000. Zeal Asset Management Ltd purchased a new position worth approximately $28,000 in Taiwan Semiconductor Manufacturing in the third quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $28,000. 16.79% of the shares are currently owned by hedge funds and other institutional investors.
Shares of Taiwan’s semiconductor manufacturers rise 0.5%
Taiwan Semiconductor Manufacturing shares rose $0.44 on Friday to reach $83.93. 1,661,829 shares of the company were traded, with an average trading volume of 12,052,430 shares. The company has a market capitalization of $435.27 billion, a PE ratio of 12.90, a PEG ratio of 0.75 and a beta of 1.10. The company has a 50-day moving average price of $88.46 and a 200-day moving average price of $82.84. His 12-month low is $59.43 and 12-month high is $98.99 for Taiwan Semiconductor Manufacturing Company Limited. The company has a quick ratio of 1.86, a current ratio of 2.08 and a debt to equity ratio of 0.30.
Dividend cut by Taiwan Semiconductor Manufacturing
The business recently announced a quarterly dividend payable on Thursday, July 13th. Investors of record on Friday, June 16 will receive a dividend of $0.3597. This represents his $1.44 dividend and his 1.71% dividend yield on an annualized basis. The ex-dividend date is Thursday, June 15. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 22.10%.
Analyst Rating Change
TSM has been the topic of many research reports. StockNews.com covered Taiwan Semiconductor Manufacturing in its report on Thursday, March 16th. They have set a “buy” rating on the stock. Needham & Company LLC reiterated its buy rating on shares of Taiwan Semiconductor Manufacturing Co., Ltd. with a price target of $110.00 in a research report on Thursday, April 20. Loop Capital raised its target price for Taiwan Semiconductor Manufacturing from $550.00 to $600.00 in a report on Thursday, April 20th. Susquehanna upgraded Taiwan Semiconductor Manufacturing’s shares from ‘neutral’ to ‘bullish’ and set a price target at $126.00 in a research report on Monday, April 17. Finally, KGI Securities began covering the shares of Taiwan Semiconductor Manufacturing Co. in its research report on Wednesday, March 29. They gave the stock an “outperform” rating. One of his stock research analysts rated the stock as a hold, while seven rated the company as a buy. According to MarketBeat.com data, the company’s consensus rating is “moderate buy” with a consensus target price of $199.80.
Overview of Taiwan semiconductor manufacturing company
Taiwan Semiconductor Manufacturing Co, Ltd. is engaged in the manufacture and sale of integrated circuits and wafer semiconductor devices. The Company’s chips are used in automotive and industrial equipment, including consumer electronics such as personal computers and peripherals, information applications, wired and wireless communication systems products, digital video compact disc players, digital televisions, game consoles and digital cameras.
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