Balentine LLC Has $562,000 Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Balentine LLC lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,234 shares of the semiconductor company’s stock after selling 213 shares during the period. Balentine LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $562,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norden Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $244,000. Chevy Chase Trust Holdings LLC increased its position in Taiwan Semiconductor Manufacturing by 108.3% during the first quarter. Chevy Chase Trust Holdings LLC now owns 5,343 shares of the semiconductor company’s stock worth $727,000 after buying an additional 2,778 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $252,000. Csenge Advisory Group lifted its position in shares of Taiwan Semiconductor Manufacturing by 18.3% in the first quarter. Csenge Advisory Group now owns 4,387 shares of the semiconductor company’s stock valued at $597,000 after buying an additional 680 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 8.9% in the first quarter. Geneos Wealth Management Inc. now owns 18,738 shares of the semiconductor company’s stock valued at $2,549,000 after buying an additional 1,526 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the topic of a number of research analyst reports. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays lifted 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 shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Trading Up 2.2 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $195.72 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a 50-day moving average of $181.40 and a 200-day moving average of $169.18. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $91.29 and a 52-week high of $212.60. The stock has a market cap of $1.02 trillion, a PE ratio of 31.37, a PEG ratio of 0.93 and a beta of 1.12.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.57%.

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.