BOCHK Asset Management Ltd Raises Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

BOCHK Asset Management Ltd lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1,616.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 142,113 shares of the semiconductor company’s stock after purchasing an additional 133,833 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 7.3% of BOCHK Asset Management Ltd’s portfolio, making the stock its 2nd biggest holding. BOCHK Asset Management Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $24,681,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital World Investors raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.7% in the first quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock valued at $5,722,410,000 after acquiring an additional 704,804 shares during the period. Capital International Investors boosted its position in shares of Taiwan Semiconductor Manufacturing by 40.2% during the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after buying an additional 5,643,949 shares during the period. Van ECK Associates Corp grew its stake in shares of Taiwan Semiconductor Manufacturing by 4.3% during the second quarter. Van ECK Associates Corp now owns 18,167,165 shares of the semiconductor company’s stock valued at $3,157,635,000 after buying an additional 750,971 shares during the last quarter. GQG Partners LLC grew its position in Taiwan Semiconductor Manufacturing by 25.1% in the 1st quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company’s stock valued at $1,161,633,000 after acquiring an additional 1,710,673 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,873,873 shares of the semiconductor company’s stock worth $1,071,242,000 after purchasing an additional 296,892 shares during 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 issued reports on TSM shares. TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Down 1.4 %

TSM stock traded down $2.86 during trading on Thursday, hitting $198.00. 6,122,245 shares of the company’s stock traded hands, compared to its average volume of 15,562,893. The business has a fifty day simple moving average of $177.14 and a two-hundred day simple moving average of $165.51. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 31.84, a PEG ratio of 0.96 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.95 and a 1 year high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.98%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

About Taiwan Semiconductor Manufacturing

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.