Diversified Trust Co Buys 19,239 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Diversified Trust Co increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 87.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,127 shares of the semiconductor company’s stock after purchasing an additional 19,239 shares during the quarter. Diversified Trust Co’s holdings in Taiwan Semiconductor Manufacturing were worth $11,487,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Clark Asset Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 14.4% in the third quarter. Clark Asset Management LLC now owns 1,113 shares of the semiconductor company’s stock worth $311,000 after acquiring an additional 140 shares during the period. Segment Wealth Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 206.3% in the third quarter. Segment Wealth Management LLC now owns 14,063 shares of the semiconductor company’s stock worth $3,928,000 after purchasing an additional 9,471 shares during the last quarter. LVW Advisors LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 8.5% during the 3rd quarter. LVW Advisors LLC now owns 7,087 shares of the semiconductor company’s stock valued at $1,979,000 after purchasing an additional 553 shares during the period. Westbourne Investment Advisors Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $225,000. Finally, First American Bank lifted its stake in shares of Taiwan Semiconductor Manufacturing by 210.6% in the 3rd quarter. First American Bank now owns 18,937 shares of the semiconductor company’s stock worth $5,289,000 after purchasing an additional 12,841 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TSM shares. Weiss Ratings restated a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, December 22nd. Susquehanna boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Sunday, December 14th. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $360.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 27th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $355.00.

Taiwan Semiconductor Manufacturing Trading Down 0.7%

Shares of Taiwan Semiconductor Manufacturing stock opened at $300.83 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $313.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.69. The company has a market capitalization of $1.56 trillion, a P/E ratio of 30.85, a P/E/G ratio of 1.04 and a beta of 1.31. The company has a fifty day moving average of $292.38 and a 200 day moving average of $264.04.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Friday, November 14th. The semiconductor company reported $14.32 EPS for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.9678 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.87 dividend on an annualized basis and a yield of 1.3%. Taiwan Semiconductor Manufacturing’s payout ratio is 25.85%.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.