Pzena Investment Management LLC Purchases 96,400 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Pzena Investment Management LLC increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 27.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 446,405 shares of the semiconductor company’s stock after purchasing an additional 96,400 shares during the quarter. Pzena Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $30,606,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TSM. JB Capital LLC raised its holdings in Taiwan Semiconductor Manufacturing by 2.3% in the 2nd quarter. JB Capital LLC now owns 5,126 shares of the semiconductor company’s stock valued at $419,000 after acquiring an additional 116 shares during the period. Heritage Wealth Advisors raised its holdings in Taiwan Semiconductor Manufacturing by 53.4% in the 2nd quarter. Heritage Wealth Advisors now owns 359 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 125 shares during the period. Zions Bancorporation N.A. raised its holdings in Taiwan Semiconductor Manufacturing by 29.2% in the 1st quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 135 shares during the period. StrategIQ Financial Group LLC raised its holdings in Taiwan Semiconductor Manufacturing by 4.0% in the 2nd quarter. StrategIQ Financial Group LLC now owns 3,746 shares of the semiconductor company’s stock valued at $306,000 after acquiring an additional 145 shares during the period. Finally, FinTrust Capital Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 27.0% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 691 shares of the semiconductor company’s stock valued at $60,000 after acquiring an additional 147 shares during the period. 16.79% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $94.56 on Wednesday. The company has a current ratio of 2.49, a quick ratio of 2.22 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $490.42 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 0.85 and a beta of 1.06. The firm’s 50 day simple moving average is $80.72 and its 200 day simple moving average is $78.35. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $59.43 and a 1 year high of $128.66.

Taiwan Semiconductor Manufacturing Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, April 13th. Shareholders of record on Friday, March 17th will be given a $0.3392 dividend. The ex-dividend date is Thursday, March 16th. This represents a $4.07 dividend on an annualized basis and a yield of 4.30%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 21.49%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. TheStreet cut shares of Taiwan Semiconductor Manufacturing from a “b-” rating to a “c+” rating in a report on Friday, November 4th. Cowen lowered their target price on shares of Taiwan Semiconductor Manufacturing to $75.00 in a report on Thursday, October 20th. Erste Group Bank raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, November 18th. The Goldman Sachs Group cut shares of Taiwan Semiconductor Manufacturing from a “conviction-buy” rating to a “buy” rating in a report on Thursday, October 13th. Finally, StockNews.com initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.00.

Taiwan Semiconductor Manufacturing Company Profile

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Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products, information applications, wired and wireless communications systems products, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

Further Reading

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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