Peapack Gladstone Financial Corp Grows Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Peapack Gladstone Financial Corp grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,353 shares of the semiconductor company’s stock after purchasing an additional 1,207 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $4,055,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TSM. FMR LLC lifted its position in Taiwan Semiconductor Manufacturing by 7.2% during the third quarter. FMR LLC now owns 55,974,769 shares of the semiconductor company’s stock worth $9,721,138,000 after buying an additional 3,783,802 shares during the period. Clearbridge Investments LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 669.7% during the 2nd quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company’s stock valued at $646,832,000 after acquiring an additional 3,237,998 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1,226.7% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company’s stock worth $344,809,000 after acquiring an additional 1,834,298 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Taiwan Semiconductor Manufacturing by 799.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,899,088 shares of the semiconductor company’s stock valued at $329,815,000 after purchasing an additional 1,687,886 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Taiwan Semiconductor Manufacturing during the third quarter worth approximately $229,098,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TSM shares. Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Trading Up 5.0 %

NYSE:TSM opened at $200.99 on Friday. The firm has a market capitalization of $1.04 trillion, a P/E ratio of 32.21, a P/E/G ratio of 0.93 and a beta of 1.09. The business has a 50 day simple moving average of $193.04 and a 200 day simple moving average of $178.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $98.80 and a 12-month high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is 31.25%.

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.