Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,183,125 shares of the semiconductor company’s stock after selling 27,367 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 0.9% of Mirae Asset Global Investments Co. Ltd.’s portfolio, making the stock its 17th biggest holding. Mirae Asset Global Investments Co. Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $195,037,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $25,000. Olistico Wealth LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth $27,000. Valley Wealth Managers Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. North Star Investment Management Corp. increased its position in shares of Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 181 shares in the last quarter. Finally, NewSquare Capital LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

TSM has been the subject of several recent research reports. TD Cowen raised their target price on shares of 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 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. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Barclays raised 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Up 2.8 %

Shares of NYSE TSM opened at $203.44 on Friday. The firm’s 50 day moving average price is $178.19 and its 200 day moving average price is $166.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The firm has a market cap of $1.06 trillion, a P/E ratio of 38.73, a price-to-earnings-growth ratio of 0.96 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.95 and a 1 year high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 0.96%. This is a positive change 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 36.95%.

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.