Eagle Strategies LLC Has $2.68 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Eagle Strategies LLC lessened its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,421 shares of the semiconductor company’s stock after selling 1,892 shares during the period. Eagle Strategies LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Capital World Investors raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.7% during the first quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock worth $5,722,410,000 after acquiring an additional 704,804 shares in the last quarter. Capital International Investors raised its holdings in Taiwan Semiconductor Manufacturing by 40.2% during the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after buying an additional 5,643,949 shares in the last quarter. Van ECK Associates Corp raised its holdings in Taiwan Semiconductor Manufacturing by 4.3% during the second quarter. Van ECK Associates Corp now owns 18,167,165 shares of the semiconductor company’s stock valued at $3,157,635,000 after buying an additional 750,971 shares in the last quarter. GQG Partners LLC raised its holdings in Taiwan Semiconductor Manufacturing by 25.1% during the first quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company’s stock valued at $1,161,633,000 after buying an additional 1,710,673 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Taiwan Semiconductor Manufacturing by 3.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,873,873 shares of the semiconductor company’s stock valued at $1,071,242,000 after buying an additional 296,892 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 1.2 %

NYSE TSM opened at $197.08 on Wednesday. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average is $179.08 and its two-hundred day moving average is $167.16. The company has a market capitalization of $1.02 trillion, a price-to-earnings ratio of 37.54, a PEG ratio of 0.98 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 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 dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a yield of 0.99%. This is an increase 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 payout ratio is presently 36.95%.

Analyst Ratings Changes

TSM has been the topic of a number of recent analyst reports. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $209.00.

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.