JB Capital LLC Sells 398 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

JB Capital LLC lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,473 shares of the semiconductor company’s stock after selling 398 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 1.0% of JB Capital LLC’s holdings, making the stock its 16th largest holding. JB Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $16,580,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Valley Brook Capital Group Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 12.0% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,590 shares of the semiconductor company’s stock valued at $276,000 after buying an additional 170 shares during the last quarter. Jmac Enterprises LLC grew its holdings in Taiwan Semiconductor Manufacturing by 7.7% in the 3rd quarter. Jmac Enterprises LLC now owns 2,801 shares of the semiconductor company’s stock worth $486,000 after acquiring an additional 200 shares during the last quarter. Montecito Bank & Trust increased its position in shares of Taiwan Semiconductor Manufacturing by 7.2% in the third quarter. Montecito Bank & Trust now owns 10,221 shares of the semiconductor company’s stock valued at $1,775,000 after acquiring an additional 683 shares during the period. Jackson Square Capital LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 0.5% during the third 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 during the last quarter. Finally, Bridgewater Advisors Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.7% during the third quarter. Bridgewater Advisors Inc. now owns 18,417 shares of the semiconductor company’s stock worth $3,198,000 after purchasing an additional 306 shares during the period. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TSM shares. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Up 3.8 %

Shares of NYSE TSM traded up $7.32 during mid-day trading on Thursday, hitting $200.54. 4,322,229 shares of the stock traded hands, compared to its average volume of 15,455,671. The stock has a fifty day moving average price of $181.89 and a 200-day moving average price of $169.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57. The company has a market cap of $1.04 trillion, a price-to-earnings ratio of 30.99, a PEG ratio of 0.93 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $91.60 and a 52 week high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.4871 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.97%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 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.