Beese Fulmer Investment Management Inc. Cuts Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Beese Fulmer Investment Management Inc. lessened its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 9,752 shares of the semiconductor company’s stock after selling 415 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,694,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Capital World Investors increased its stake in Taiwan Semiconductor Manufacturing by 1.7% during the 1st quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock worth $5,722,410,000 after buying an additional 704,804 shares in the last quarter. Capital International Investors increased its stake in 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 buying an additional 5,643,949 shares in the last quarter. Van ECK Associates Corp increased its stake in Taiwan Semiconductor Manufacturing by 4.3% during the 2nd quarter. Van ECK Associates Corp now owns 18,167,165 shares of the semiconductor company’s stock worth $3,157,635,000 after buying an additional 750,971 shares in the last quarter. GQG Partners LLC increased its stake in Taiwan Semiconductor Manufacturing by 25.1% during the 1st quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company’s stock worth $1,161,633,000 after buying an additional 1,710,673 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Taiwan Semiconductor Manufacturing by 3.9% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 1.2 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $200.77 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.95 and a 52-week high of $212.60. The company has a 50 day moving average of $177.14 and a 200 day moving average of $165.51. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.04 trillion, a P/E ratio of 32.17, a P/E/G ratio of 0.96 and a beta of 1.14.

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 paid a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 0.97%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.57%.

Wall Street Analyst Weigh In

Several research firms have commented on TSM. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Finally, Barclays boosted 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. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $209.00.

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.