Zurcher Kantonalbank Zurich Cantonalbank Acquires 150 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,961 shares of the semiconductor company’s stock after acquiring an additional 150 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Taiwan Semiconductor Manufacturing were worth $1,452,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Atlas Private Wealth Advisors raised its holdings in Taiwan Semiconductor Manufacturing by 3.3% during the fourth quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock valued at $342,000 after acquiring an additional 104 shares during the period. Advisory Resource Group grew its position in shares of Taiwan Semiconductor Manufacturing by 1.3% during the fourth quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company’s stock valued at $886,000 after purchasing an additional 108 shares in the last quarter. Baystate Wealth Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 28.8% during the fourth quarter. Baystate Wealth Management LLC now owns 510 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 114 shares in the last quarter. Waverly Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 3.8% during the third quarter. Waverly Advisors LLC now owns 3,145 shares of the semiconductor company’s stock valued at $273,000 after purchasing an additional 116 shares in the last quarter. Finally, CVA Family Office LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 3.7% during the fourth quarter. CVA Family Office LLC now owns 3,463 shares of the semiconductor company’s stock valued at $360,000 after purchasing an additional 125 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TSM has been the subject of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. Susquehanna raised their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, April 2nd. TD Cowen raised their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 2.7 %

TSM opened at $136.61 on Friday. The firm has a market cap of $708.52 billion, a P/E ratio of 26.02, a P/E/G ratio of 0.95 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $81.21 and a 12 month high of $158.40. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $136.83 and a 200 day moving average of $114.30.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.29%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

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.