Shariaportfolio Inc. Lowers Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Shariaportfolio Inc. cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,781 shares of the semiconductor company’s stock after selling 543 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 1.0% of Shariaportfolio Inc.’s holdings, making the stock its 17th largest holding. Shariaportfolio Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,872,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. RFG Advisory LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 17.1% during the first quarter. RFG Advisory LLC now owns 2,635 shares of the semiconductor company’s stock valued at $359,000 after purchasing an additional 385 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 62.9% during the first quarter. International Assets Investment Management LLC now owns 3,351 shares of the semiconductor company’s stock valued at $474,000 after purchasing an additional 1,294 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $3,099,000. Harbor Investment Advisory LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 10.9% during the first quarter. Harbor Investment Advisory LLC now owns 2,214 shares of the semiconductor company’s stock valued at $301,000 after purchasing an additional 218 shares during the last quarter. Finally, First Financial Corp IN purchased a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $40,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 0.6 %

NYSE:TSM opened at $201.90 on Tuesday. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.95 and a 12 month high of $212.60. The company has a market cap of $1.05 trillion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. The company has a 50 day simple moving average of $176.00 and a two-hundred day simple moving average of $164.86.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

Wall Street Analysts Forecast Growth

TSM has been the subject of several recent research reports. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, TD Cowen raised their price target 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

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.