Pegasus Partners Ltd. Increases Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Pegasus Partners Ltd. grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 83.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,865 shares of the semiconductor company’s stock after acquiring an additional 1,301 shares during the period. Pegasus Partners Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $498,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Norden Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth about $244,000. Chevy Chase Trust Holdings LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 108.3% during the first quarter. Chevy Chase Trust Holdings LLC now owns 5,343 shares of the semiconductor company’s stock worth $727,000 after buying an additional 2,778 shares during the period. Empowered Funds LLC raised its holdings in Taiwan Semiconductor Manufacturing by 53.8% in the first quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock valued at $2,837,000 after acquiring an additional 7,293 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 25.2% in the first quarter. Wealthspire Advisors LLC now owns 4,165 shares of the semiconductor company’s stock worth $567,000 after acquiring an additional 837 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Taiwan Semiconductor Manufacturing by 26.7% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,384 shares of the semiconductor company’s stock worth $869,000 after acquiring an additional 1,345 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report 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, October 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $201.20 on Friday. The firm has a market cap of $1.04 trillion, a P/E ratio of 32.24, a P/E/G ratio of 0.93 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $91.60 and a 52-week high of $212.60. The business’s 50-day moving average price is $183.11 and its 200 day moving average price is $170.07. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.23.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 0.97%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

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.