E. Ohman J or Asset Management AB Grows Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

E. Ohman J or Asset Management AB increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 74,657 shares of the semiconductor company’s stock after purchasing an additional 8,267 shares during the period. E. Ohman J or Asset Management AB’s holdings in Taiwan Semiconductor Manufacturing were worth $12,966,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brookstone Capital Management lifted its holdings in Taiwan Semiconductor Manufacturing by 12.0% in the 1st quarter. Brookstone Capital Management now owns 7,436 shares of the semiconductor company’s stock worth $1,012,000 after buying an additional 798 shares during the period. Wealthcare Advisory Partners LLC lifted its stake in Taiwan Semiconductor Manufacturing by 68.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 4,546 shares of the semiconductor company’s stock worth $618,000 after acquiring an additional 1,842 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Taiwan Semiconductor Manufacturing by 3.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 244,760 shares of the semiconductor company’s stock worth $33,300,000 after acquiring an additional 8,183 shares during the period. Cypress Wealth Services LLC bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at $212,000. Finally, Fifth Third Wealth Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 38.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,421 shares of the semiconductor company’s stock valued at $601,000 after purchasing an additional 1,226 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $197.90 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $212.60. The firm’s 50-day simple moving average is $177.14 and its two-hundred day simple moving average is $165.51. The stock has a market cap of $1.03 trillion, a PE ratio of 37.70, a price-to-earnings-growth ratio of 0.96 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 36.95%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TSM. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, TD Cowen raised their target price 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average 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.