JCIC Asset Management Inc. Increases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

JCIC Asset Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,111 shares of the semiconductor company’s stock after purchasing an additional 240 shares during the period. Taiwan Semiconductor Manufacturing makes up about 2.2% of JCIC Asset Management Inc.’s portfolio, making the stock its 17th biggest position. JCIC Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $5,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TSM. Defender Capital LLC. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.7% during the third quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock worth $272,000 after purchasing an additional 56 shares during the period. Seed Wealth Management Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 1.3% during the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after acquiring an additional 57 shares during the period. Keudell Morrison Wealth Management boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.5% in the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock valued at $700,000 after acquiring an additional 59 shares during the last quarter. Heron Bay Capital Management increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.0% in the second quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company’s stock worth $992,000 after acquiring an additional 59 shares during the period. Finally, Azzad Asset Management Inc. ADV raised its holdings in shares of Taiwan Semiconductor Manufacturing by 0.4% during the third quarter. Azzad Asset Management Inc. ADV now owns 14,166 shares of the semiconductor company’s stock worth $2,460,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $200.77 on Thursday. 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 12-month low of $84.95 and a 12-month high of $212.60. The business’s 50 day moving average is $177.14 and its two-hundred day moving average is $165.51. The company has a market capitalization of $1.04 trillion, a P/E ratio of 32.17, a P/E/G ratio of 0.96 and a beta of 1.14.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a 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 (DPR) is currently 31.57%.

Analyst Ratings Changes

Several brokerages have weighed in on TSM. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday. 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 report on Thursday, July 18th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.