CacheTech Inc. Has $2.89 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

CacheTech Inc. decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,628 shares of the semiconductor company’s stock after selling 597 shares during the quarter. CacheTech Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,888,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Americana Partners LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 0.4% in the 3rd quarter. Americana Partners LLC now owns 20,615 shares of the semiconductor company’s stock valued at $3,580,000 after acquiring an additional 88 shares during the period. Lebenthal Global Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 22.9% during the third quarter. Lebenthal Global Advisors LLC now owns 8,957 shares of the semiconductor company’s stock worth $1,556,000 after purchasing an additional 1,671 shares during the period. Creative Financial Designs Inc. ADV increased its position in Taiwan Semiconductor Manufacturing by 3.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,408 shares of the semiconductor company’s stock worth $418,000 after buying an additional 71 shares during the last quarter. Hartford Financial Management Inc. raised its stake in Taiwan Semiconductor Manufacturing by 11.3% in the third quarter. Hartford Financial Management Inc. now owns 11,626 shares of the semiconductor company’s stock valued at $2,019,000 after buying an additional 1,177 shares during the period. Finally, Principal Securities Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 7.7% in the third quarter. Principal Securities Inc. now owns 73,117 shares of the semiconductor company’s stock valued at $12,698,000 after buying an additional 5,258 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

TSM has been the topic of a number of research analyst reports. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $192.99 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.57 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.00 trillion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 0.92 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $89.46 and a twelve month high of $212.60. The company has a 50-day simple moving average of $180.45 and a two-hundred day simple moving average of $167.88.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared 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. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.01%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

About Taiwan Semiconductor Manufacturing

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.