Galibier Capital Management Ltd. Boosts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Galibier Capital Management Ltd. boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,710 shares of the semiconductor company’s stock after acquiring an additional 710 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 0.3% of Galibier Capital Management Ltd.’s investment portfolio, making the stock its 27th largest holding. Galibier Capital Management Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $361,000. Miracle Mile Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $227,000. Claro Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 9.8% during the first quarter. Claro Advisors LLC now owns 2,515 shares of the semiconductor company’s stock valued at $342,000 after purchasing an additional 225 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 36.1% in the first quarter. Valeo Financial Advisors LLC now owns 18,401 shares of the semiconductor company’s stock worth $2,503,000 after purchasing an additional 4,883 shares in the last quarter. Finally, Norden Group LLC purchased a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $3,901,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded down $4.01 during trading hours on Wednesday, reaching $192.93. The company had a trading volume of 1,462,562 shares, compared to its average volume of 15,517,679. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.95 and a 52 week high of $212.60. The firm has a market cap of $1.00 trillion, a price-to-earnings ratio of 37.54, a PEG ratio of 0.98 and a beta of 1.14. The firm’s 50 day moving average price is $179.08 and its 200-day moving average price is $167.16.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.01%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 36.95%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TSM shares. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. 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 report on Thursday, July 18th. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing 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.