Crestwood Advisors Group LLC Buys 745 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Crestwood Advisors Group LLC boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 29.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,289 shares of the semiconductor company’s stock after acquiring an additional 745 shares during the period. Crestwood Advisors Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $571,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TSM. Arthur M. Cohen & Associates LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 9.7% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 9,107 shares of the semiconductor company’s stock valued at $1,567,000 after buying an additional 807 shares in the last quarter. Pittenger & Anderson Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.1% during the 3rd quarter. Pittenger & Anderson Inc. now owns 58,289 shares of the semiconductor company’s stock valued at $10,123,000 after buying an additional 1,754 shares in the last quarter. FSM Wealth Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.9% during the 3rd quarter. FSM Wealth Advisors LLC now owns 4,008 shares of the semiconductor company’s stock valued at $696,000 after buying an additional 75 shares in the last quarter. Catalyst Capital Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 22.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 30,400 shares of the semiconductor company’s stock valued at $5,280,000 after buying an additional 5,600 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 33.7% during the 3rd quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock valued at $4,588,000 after buying an additional 6,664 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $193.39 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $91.60 and a fifty-two week high of $212.60. The business has a 50-day simple moving average of $181.89 and a two-hundred day simple moving average of $169.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a market cap of $1.00 trillion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm 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 is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.01%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. TD Cowen lifted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average 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.