Silver Oak Securities Incorporated Has $1.51 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Silver Oak Securities Incorporated boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1,186.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,555 shares of the semiconductor company’s stock after acquiring an additional 7,890 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Taiwan Semiconductor Manufacturing were worth $1,514,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in Taiwan Semiconductor Manufacturing by 53.4% during the first quarter. Van ECK Associates Corp now owns 17,416,194 shares of the semiconductor company’s stock worth $2,369,473,000 after buying an additional 6,060,511 shares during the last quarter. Capital International Investors grew its position in Taiwan Semiconductor Manufacturing by 40.2% during the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock worth $2,679,602,000 after acquiring an additional 5,643,949 shares during the last quarter. PineStone Asset Management Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 116.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock valued at $1,352,992,000 after purchasing an additional 4,186,133 shares in the last quarter. Clearbridge Investments LLC raised its position in Taiwan Semiconductor Manufacturing by 669.7% in the 2nd quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company’s stock valued at $646,832,000 after purchasing an additional 3,237,998 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in Taiwan Semiconductor Manufacturing by 1,226.7% in the second quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company’s stock worth $344,809,000 after purchasing an additional 1,834,298 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 1.5 %

Shares of NYSE:TSM opened at $197.90 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The stock has a market cap of $1.03 trillion, a price-to-earnings ratio of 37.70, a P/E/G ratio of 0.96 and a beta of 1.14. The company has a 50 day moving average of $177.14 and a 200-day moving average of $165.51. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.95 and a one year high of $212.60.

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 issued a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a yield of 0.98%. 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 payout ratio is currently 36.95%.

Analysts Set New Price Targets

A number of research firms recently issued reports on TSM. TD Cowen lifted their price target on 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 reaffirmed a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.

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.