PDS Planning Inc Boosts Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

PDS Planning Inc increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,336 shares of the semiconductor company’s stock after acquiring an additional 414 shares during the period. PDS Planning Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $3,011,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSM. QRG Capital Management Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 7.0% in the 3rd quarter. QRG Capital Management Inc. now owns 112,212 shares of the semiconductor company’s stock worth $19,488,000 after purchasing an additional 7,368 shares in the last quarter. Vestor Capital LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $49,000. Donaldson Capital Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 8.3% during the 3rd quarter. Donaldson Capital Management LLC now owns 16,973 shares of the semiconductor company’s stock valued at $2,948,000 after acquiring an additional 1,298 shares during the period. KG&L Capital Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 49.1% during the 3rd quarter. KG&L Capital Management LLC now owns 11,128 shares of the semiconductor company’s stock valued at $1,933,000 after acquiring an additional 3,663 shares during the last quarter. Finally, Forum Financial Management LP bought a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter worth approximately $225,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded down $0.58 during trading hours on Monday, hitting $192.37. 2,651,772 shares of the stock traded hands, compared to its average volume of 15,472,597. The stock has a 50 day moving average price of $180.45 and a 200 day moving average price of $168.28. 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 company has a market cap of $997.71 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 0.92 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 business 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 annualized dividend and a yield of 1.01%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

Wall Street Analysts Forecast Growth

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