Forte Capital LLC ADV Has $756,000 Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Forte Capital LLC ADV reduced its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,353 shares of the semiconductor company’s stock after selling 179 shares during the period. Forte Capital LLC ADV’s holdings in Taiwan Semiconductor Manufacturing were worth $756,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Capital World Investors lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.7% during the first quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock valued at $5,722,410,000 after acquiring an additional 704,804 shares during the period. Capital International Investors increased its position in shares of Taiwan Semiconductor Manufacturing by 40.2% during the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock worth $2,679,602,000 after purchasing an additional 5,643,949 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Taiwan Semiconductor Manufacturing by 0.7% during the 3rd quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company’s stock valued at $3,176,423,000 after purchasing an additional 122,828 shares during the last quarter. GQG Partners LLC boosted its position in Taiwan Semiconductor Manufacturing by 25.1% in the first quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company’s stock valued at $1,161,633,000 after buying an additional 1,710,673 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Taiwan Semiconductor Manufacturing by 3.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,873,873 shares of the semiconductor company’s stock worth $1,071,242,000 after buying an additional 296,892 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing Stock Up 4.1 %

Shares of TSM opened at $201.18 on Friday. The business’s fifty day moving average price is $181.89 and its two-hundred day moving average price is $169.35. The firm has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 32.24, a PEG ratio of 0.93 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $91.60 and a 52 week high of $212.60. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.4871 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 0.97%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

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.