Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,143 shares of the semiconductor company’s stock after purchasing an additional 6,790 shares during the period. Yousif Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $15,719,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TSM. International Assets Investment Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 7.0% during the third quarter. International Assets Investment Management LLC now owns 3,740 shares of the semiconductor company’s stock worth $320,000 after acquiring an additional 246 shares during the period. AE Wealth Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 23.4% during the third quarter. AE Wealth Management LLC now owns 20,149 shares of the semiconductor company’s stock worth $1,751,000 after acquiring an additional 3,818 shares during the period. Impact Partnership Wealth LLC grew its holdings in Taiwan Semiconductor Manufacturing by 24.1% during the third quarter. Impact Partnership Wealth LLC now owns 1,257 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 244 shares during the period. 1900 Wealth Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 7.5% during the third quarter. 1900 Wealth Management LLC now owns 2,623 shares of the semiconductor company’s stock worth $228,000 after acquiring an additional 182 shares during the period. Finally, Meridian Wealth Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 2.3% during the third quarter. Meridian Wealth Management LLC now owns 10,039 shares of the semiconductor company’s stock worth $872,000 after acquiring an additional 221 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM traded down $0.59 on Wednesday, hitting $132.84. The company had a trading volume of 13,099,880 shares, compared to its average volume of 15,824,623. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $81.21 and a 52-week high of $158.40. The business has a 50 day moving average of $136.61 and a 200 day moving average of $114.01. The company has a market cap of $688.96 billion, a PE ratio of 25.26, a PEG ratio of 0.93 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a $0.4408 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.33%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

Analysts Set New Price Targets

TSM has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. Finally, TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

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.