Cordatus Wealth Management LLC Grows Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cordatus Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 19.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,327 shares of the semiconductor company’s stock after buying an additional 883 shares during the quarter. Cordatus Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $925,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Rosenberg Matthew Hamilton lifted its position in Taiwan Semiconductor Manufacturing by 13.5% during the third quarter. Rosenberg Matthew Hamilton now owns 4,410 shares of the semiconductor company’s stock valued at $766,000 after purchasing an additional 524 shares during the period. Voisard Asset Management Group Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $82,000. Financial Advocates Investment Management raised its stake in Taiwan Semiconductor Manufacturing by 13.6% during the 3rd quarter. Financial Advocates Investment Management now owns 16,036 shares of the semiconductor company’s stock valued at $2,785,000 after buying an additional 1,914 shares during the last quarter. Cornerstone Wealth Group LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 7.2% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 2,103 shares of the semiconductor company’s stock valued at $365,000 after buying an additional 141 shares during the period. Finally, SteelPeak Wealth LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 144.6% in the 3rd quarter. SteelPeak Wealth LLC now owns 7,664 shares of the semiconductor company’s stock worth $1,336,000 after buying an additional 4,531 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded down $6.30 during trading on Thursday, hitting $188.18. The company had a trading volume of 5,847,991 shares, compared to its average volume of 15,510,178. The stock has a 50 day simple moving average of $179.54 and a 200 day simple moving average of $167.35. The firm has a market capitalization of $975.98 billion, a P/E ratio of 35.77, 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 quick ratio of 2.21 and a current ratio of 2.47. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.95 and a 12 month high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared 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 of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.04%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 36.95%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.00.

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.