Spinnaker Trust Makes New $394,000 Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Spinnaker Trust bought a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,271 shares of the semiconductor company’s stock, valued at approximately $394,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Capital Advisory LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $38,000. Concurrent Investment Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 13.4% in the third quarter. Concurrent Investment Advisors LLC now owns 14,398 shares of the semiconductor company’s stock valued at $2,500,000 after purchasing an additional 1,703 shares during the period. Maia Wealth LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 15.3% during the 3rd quarter. Maia Wealth LLC now owns 19,018 shares of the semiconductor company’s stock worth $3,303,000 after buying an additional 2,523 shares during the last quarter. Foster & Motley Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 6.4% during the 3rd quarter. Foster & Motley Inc. now owns 1,788 shares of the semiconductor company’s stock worth $311,000 after buying an additional 107 shares during the last quarter. Finally, Callahan Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 67.1% during the 3rd quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company’s stock worth $1,452,000 after buying an additional 3,358 shares during the period. 16.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TSM has been the subject of a number of research analyst reports. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and issued 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 stock a “hold” rating in a research report on Thursday, July 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Barclays increased their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $193.39 on Thursday. The company has a 50 day moving average of $181.89 and a 200-day moving average of $169.35. The company has a market cap of $1.00 trillion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $91.60 and a 1-year high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.4871 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.01%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

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.