Shariaportfolio Inc. Reduces Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Shariaportfolio Inc. lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,781 shares of the semiconductor company’s stock after selling 543 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 1.0% of Shariaportfolio Inc.’s portfolio, making the stock its 17th largest holding. Shariaportfolio Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,872,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Atlantic Edge Private Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at $25,000. Olistico Wealth LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. Valley Wealth Managers Inc. bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. North Star Investment Management Corp. increased its stake in 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 acquiring an additional 181 shares during the last quarter. Finally, NewSquare Capital LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at $29,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 0.6 %

NYSE TSM opened at $201.90 on Tuesday. 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 capitalization of $1.05 trillion, a PE ratio of 32.36, a PEG ratio of 1.16 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. The business’s 50-day moving average is $176.00 and its 200 day moving average is $164.86.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 0.97%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TSM. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Finally, TD Cowen raised their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $200.00.

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.