Mirae Asset Global Investments Co. Ltd. Lowers Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mirae Asset Global Investments Co. Ltd. reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,183,125 shares of the semiconductor company’s stock after selling 27,367 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 0.9% of Mirae Asset Global Investments Co. Ltd.’s holdings, making the stock its 17th largest holding. Mirae Asset Global Investments Co. Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $195,037,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSM. Atlantic Edge Private Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $25,000. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. Valley Wealth Managers Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. North Star Investment Management Corp. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 670.4% during the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 181 shares in the last quarter. Finally, NewSquare Capital LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 2.8 %

TSM stock opened at $203.44 on Friday. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm has a 50 day simple moving average of $178.19 and a 200-day simple moving average of $166.16. The company has a market capitalization of $1.06 trillion, a P/E ratio of 38.73, a PEG ratio of 0.96 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.95 and a twelve month high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a dividend yield of 0.96%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is presently 36.95%.

Analysts Set New Price Targets

Several equities analysts recently commented on TSM shares. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. 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. TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Finally, Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.