Diversified LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) in the 4th quarter, Holdings Channel reports. The fund acquired 1,923 shares of the semiconductor company’s stock, valued at approximately $200,000.
Several other institutional investors and hedge funds have also made changes to their positions in TSM. International Assets Investment Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 7.0% during the third quarter. International Assets Investment Management LLC now owns 3,740 shares of the semiconductor company’s stock worth $320,000 after buying an additional 246 shares during the period. AE Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 23.4% during the third quarter. AE Wealth Management LLC now owns 20,149 shares of the semiconductor company’s stock worth $1,751,000 after buying an additional 3,818 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of Taiwan Semiconductor Manufacturing by 5.0% during the third quarter. Arkadios Wealth Advisors now owns 5,061 shares of the semiconductor company’s stock worth $440,000 after buying an additional 242 shares during the period. Impact Partnership Wealth LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 24.1% during the third quarter. Impact Partnership Wealth LLC now owns 1,257 shares of the semiconductor company’s stock worth $109,000 after buying an additional 244 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 20.4% during the third quarter. Fifth Third Wealth Advisors LLC now owns 3,195 shares of the semiconductor company’s stock worth $278,000 after buying an additional 541 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Stock Up 1.6 %
TSM opened at $129.77 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $81.21 and a fifty-two week high of $158.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The company has a fifty day moving average of $136.49 and a two-hundred day moving average of $113.70. The stock has a market capitalization of $673.04 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 0.92 and a beta of 1.15.
Taiwan Semiconductor Manufacturing Cuts Dividend
Wall Street Analyst Weigh In
Several brokerages recently issued reports on TSM. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. Needham & Company LLC reissued a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Finally, Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.00.
Get Our Latest Report on Taiwan Semiconductor Manufacturing
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.
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