Stanley Laman Group Ltd. Purchases New Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Stanley Laman Group Ltd. acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,419 shares of the semiconductor company’s stock, valued at approximately $246,000.

Other institutional investors also recently bought and sold shares of the company. BOKF NA raised its stake in Taiwan Semiconductor Manufacturing by 4.8% during the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after acquiring an additional 81 shares during the last quarter. Cetera Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 80.7% during the first quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock worth $10,787,000 after purchasing an additional 35,404 shares during the last quarter. ProShare Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth $210,000. Empowered Funds LLC grew its position in Taiwan Semiconductor Manufacturing by 53.8% in the 1st quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock valued at $2,837,000 after buying an additional 7,293 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $437,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, TD Cowen lifted their price target 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 equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $200.77 on Thursday. The stock has a market cap of $1.04 trillion, a P/E ratio of 32.17, a P/E/G ratio of 1.16 and a beta of 1.14. 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’s 50 day simple moving average is $177.14 and its 200 day simple moving average is $165.51. 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 company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.97%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

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.