Valley Brook Capital Group Inc. Acquires 170 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Valley Brook Capital Group Inc. lifted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.0% during the third quarter, HoldingsChannel.com reports. The firm owned 1,590 shares of the semiconductor company’s stock after purchasing an additional 170 shares during the period. Valley Brook Capital Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $276,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TSM. Norden Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $244,000. Chevy Chase Trust Holdings LLC grew its stake in Taiwan Semiconductor Manufacturing by 108.3% in the first quarter. Chevy Chase Trust Holdings LLC now owns 5,343 shares of the semiconductor company’s stock valued at $727,000 after purchasing an additional 2,778 shares in the last quarter. Csenge Advisory Group increased its position in shares of Taiwan Semiconductor Manufacturing by 18.3% during the 1st quarter. Csenge Advisory Group now owns 4,387 shares of the semiconductor company’s stock worth $597,000 after purchasing an additional 680 shares during the last quarter. ORG Partners LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 180,150.0% during the 1st quarter. ORG Partners LLC now owns 3,605 shares of the semiconductor company’s stock worth $510,000 after purchasing an additional 3,603 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 10.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 68,728 shares of the semiconductor company’s stock worth $9,350,000 after purchasing an additional 6,683 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

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

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded up $5.69 during mid-day trading on Thursday, reaching $198.91. 2,964,974 shares of the company were exchanged, compared to its average volume of 15,449,387. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $91.60 and a twelve month high of $212.60. The stock has a market capitalization of $1.03 trillion, a P/E ratio of 30.99, a P/E/G ratio of 0.93 and a beta of 1.12. The company’s 50-day simple moving average is $181.89 and its 200-day simple moving average is $169.35. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.23.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.57%.

About Taiwan Semiconductor Manufacturing

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.