Global Trust Asset Management LLC Purchases 600 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Global Trust Asset Management LLC raised its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 54.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,693 shares of the semiconductor company’s stock after buying an additional 600 shares during the period. Global Trust Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $294,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mcdaniel Terry & Co. boosted its position in Taiwan Semiconductor Manufacturing by 0.3% in the third quarter. Mcdaniel Terry & Co. now owns 294,866 shares of the semiconductor company’s stock valued at $51,209,000 after buying an additional 979 shares in the last quarter. BOCHK Asset Management Ltd boosted its position in Taiwan Semiconductor Manufacturing by 1,616.3% in the third quarter. BOCHK Asset Management Ltd now owns 142,113 shares of the semiconductor company’s stock valued at $24,681,000 after buying an additional 133,833 shares in the last quarter. Bogart Wealth LLC boosted its position in Taiwan Semiconductor Manufacturing by 33.1% in the third quarter. Bogart Wealth LLC now owns 1,497 shares of the semiconductor company’s stock valued at $260,000 after buying an additional 372 shares in the last quarter. Impact Partnership Wealth LLC boosted its position in Taiwan Semiconductor Manufacturing by 13.9% in the third quarter. Impact Partnership Wealth LLC now owns 1,344 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 164 shares in the last quarter. Finally, Greystone Financial Group LLC boosted its position in Taiwan Semiconductor Manufacturing by 6.3% in the third quarter. Greystone Financial Group LLC now owns 10,949 shares of the semiconductor company’s stock valued at $1,902,000 after buying an additional 653 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $197.90 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.95 and a twelve month high of $212.60. The firm has a fifty day simple moving average of $177.14 and a 200 day simple moving average of $165.51. The company has a market capitalization of $1.03 trillion, a PE ratio of 37.70, a P/E/G ratio of 0.96 and a beta of 1.14. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a yield of 0.98%. 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 dividend payout ratio (DPR) is currently 36.95%.

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.