South Dakota Investment Council lowered its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 1.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 13,204 shares of the semiconductor company’s stock after selling 184 shares during the period. South Dakota Investment Council’s holdings in Taiwan Semiconductor Manufacturing were worth $2,991,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in TSM. 1248 Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the first quarter valued at $28,000. Graybill Wealth Management LTD. bought a new position in Taiwan Semiconductor Manufacturing in the first quarter valued at $33,000. Vision Financial Markets LLC bought a new position in Taiwan Semiconductor Manufacturing in the first quarter valued at $33,000. Mid American Wealth Advisory Group Inc. bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at $33,000. Finally, First Command Advisory Services Inc. increased its stake in Taiwan Semiconductor Manufacturing by 174.1% in the second quarter. First Command Advisory Services Inc. now owns 159 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 101 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Up 1.4%
Shares of NYSE:TSM opened at $304.73 on Tuesday. The stock’s 50-day moving average price is $275.64 and its 200-day moving average price is $234.34. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $311.37. The stock has a market capitalization of $1.58 trillion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20.
Taiwan Semiconductor Manufacturing Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be issued a dividend of $0.8348 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, December 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 26.97%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on TSM shares. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Weiss Ratings raised Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Wall Street Zen cut Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. Finally, Itau BBA Securities assumed coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They set an “outperform” rating on the stock. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $371.67.
Taiwan Semiconductor Manufacturing Company 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.
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