Valley Brook Capital Group Inc. Purchases 170 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Valley Brook Capital Group Inc. raised its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,590 shares of the semiconductor company’s stock after buying an additional 170 shares during the period. Valley Brook Capital Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TSM. Jmac Enterprises LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 7.7% during the third quarter. Jmac Enterprises LLC now owns 2,801 shares of the semiconductor company’s stock worth $486,000 after purchasing an additional 200 shares during the last quarter. Montecito Bank & Trust grew its holdings in Taiwan Semiconductor Manufacturing by 7.2% during the 3rd quarter. Montecito Bank & Trust now owns 10,221 shares of the semiconductor company’s stock worth $1,775,000 after acquiring an additional 683 shares during the last quarter. Jackson Square Capital LLC increased its position in Taiwan Semiconductor Manufacturing by 0.5% in the 3rd quarter. Jackson Square Capital LLC now owns 26,590 shares of the semiconductor company’s stock valued at $4,618,000 after acquiring an additional 130 shares in the last quarter. Bridgewater Advisors Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.7% in the third quarter. Bridgewater Advisors Inc. now owns 18,417 shares of the semiconductor company’s stock worth $3,198,000 after acquiring an additional 306 shares during the last quarter. Finally, Ironsides Asset Advisors LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter worth approximately $246,000. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TSM. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Friday, November 1st. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Barclays raised their target price 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, October 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Trading Up 2.9 %

Taiwan Semiconductor Manufacturing stock traded up $5.69 during mid-day trading on Thursday, hitting $198.91. 2,964,974 shares of the company’s stock were exchanged, compared to its average volume of 15,449,387. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $91.60 and a fifty-two week high of $212.60. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 30.99, a PEG ratio of 0.93 and a beta of 1.12. The company’s 50 day simple moving average is $181.89 and its 200-day simple moving average is $169.35.

Taiwan Semiconductor Manufacturing Increases Dividend

The business 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. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 0.98%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

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.