Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Position Boosted by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 294,866 shares of the semiconductor company’s stock after acquiring an additional 979 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 4.3% of Mcdaniel Terry & Co.’s holdings, making the stock its 4th biggest position. Mcdaniel Terry & Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $51,209,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Atlantic Edge Private Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $25,000. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $27,000. Valley Wealth Managers Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $27,000. North Star Investment Management Corp. grew its position in Taiwan Semiconductor Manufacturing by 670.4% in the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 181 shares during the last quarter. Finally, NewSquare Capital LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $29,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on TSM shares. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. TD Cowen raised their target price 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, Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Trading Down 1.5 %

NYSE:TSM opened at $197.90 on Friday. The company has a market capitalization of $1.03 trillion, a PE ratio of 37.70, a price-to-earnings-growth ratio of 0.96 and a beta of 1.14. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.95 and a 52-week high of $212.60. The stock has a fifty day simple moving average of $177.14 and a 200-day simple moving average of $165.51.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend 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 36.95%.

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.