First Trust Direct Indexing L.P. Has $9.91 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

First Trust Direct Indexing L.P. cut its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,063 shares of the semiconductor company’s stock after selling 1,633 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 0.5% of First Trust Direct Indexing L.P.’s portfolio, making the stock its 23rd biggest holding. First Trust Direct Indexing L.P.’s holdings in Taiwan Semiconductor Manufacturing were worth $9,910,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Milestones Administradora de Recursos Ltda. raised its stake in shares of Taiwan Semiconductor Manufacturing by 67.8% in the 3rd quarter. Milestones Administradora de Recursos Ltda. now owns 53,890 shares of the semiconductor company’s stock valued at $9,359,000 after buying an additional 21,780 shares in the last quarter. Golden State Equity Partners increased its stake in Taiwan Semiconductor Manufacturing by 20.2% in the third quarter. Golden State Equity Partners now owns 3,957 shares of the semiconductor company’s stock valued at $687,000 after acquiring an additional 665 shares during the period. Galibier Capital Management Ltd. lifted its stake in Taiwan Semiconductor Manufacturing by 10.1% during the third quarter. Galibier Capital Management Ltd. now owns 7,710 shares of the semiconductor company’s stock worth $1,339,000 after purchasing an additional 710 shares during the period. Highline Wealth Partners LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $164,000. Finally, Creekmur Asset Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 70.7% in the 3rd quarter. Creekmur Asset Management LLC now owns 285 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TSM. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock traded down $2.90 during trading hours on Wednesday, hitting $194.04. 4,244,589 shares of the company’s stock were exchanged, compared to its average volume of 15,530,927. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.95 and a 52 week high of $212.60. The stock has a market cap of $1.01 trillion, a price-to-earnings ratio of 37.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The stock’s 50-day moving average is $179.08 and its 200-day moving average is $167.16.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.00%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 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.