Callahan Advisors LLC Grows Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Callahan Advisors LLC raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 67.1% during the third quarter, HoldingsChannel.com reports. The firm owned 8,360 shares of the semiconductor company’s stock after buying an additional 3,358 shares during the quarter. Callahan Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,452,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Leslie Global Wealth LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $247,000. 1834 Investment Advisors Co. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 15.2% during the 3rd quarter. 1834 Investment Advisors Co. now owns 2,512 shares of the semiconductor company’s stock valued at $436,000 after buying an additional 331 shares during the period. Wisconsin Capital Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $1,435,000. Financial Security Advisor Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 14.0% during the 3rd quarter. Financial Security Advisor Inc. now owns 1,773 shares of the semiconductor company’s stock valued at $309,000 after buying an additional 218 shares during the period. Finally, Catalina Capital Group LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 5.9% during the 3rd quarter. Catalina Capital Group LLC now owns 3,546 shares of the semiconductor company’s stock valued at $616,000 after buying an additional 198 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 2.2 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $195.72 on Wednesday. The business’s fifty day moving average price is $181.40 and its two-hundred day moving average price is $169.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30. The company has a market capitalization of $1.02 trillion, a P/E ratio of 31.37, a PEG ratio of 0.93 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $91.29 and a 1-year high of $212.60.

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 paid a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date 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 currently 31.57%.

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing 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.