Forum Financial Management LP Acquires New Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Forum Financial Management LP bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,294 shares of the semiconductor company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norden Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $244,000. Chevy Chase Trust Holdings LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 108.3% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 5,343 shares of the semiconductor company’s stock valued at $727,000 after purchasing an additional 2,778 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth $252,000. Csenge Advisory Group increased its position in Taiwan Semiconductor Manufacturing by 18.3% during the first quarter. Csenge Advisory Group now owns 4,387 shares of the semiconductor company’s stock worth $597,000 after buying an additional 680 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 8.9% during the first quarter. Geneos Wealth Management Inc. now owns 18,738 shares of the semiconductor company’s stock valued at $2,549,000 after buying an additional 1,526 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TSM has been the topic of a number of analyst reports. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Trading Up 2.2 %

Taiwan Semiconductor Manufacturing stock opened at $195.72 on Wednesday. The business has a 50 day moving average price of $181.40 and a two-hundred day moving average price of $169.18. 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 Company Limited has a 12 month low of $91.29 and a 12 month high of $212.60. The stock has a market cap of $1.02 trillion, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.00%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.09%.

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.