Focused Wealth Management Inc Purchases New Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Focused Wealth Management Inc acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 500 shares of the semiconductor company’s stock, valued at approximately $87,000.

Several other large investors also recently modified their holdings of TSM. Capital International Investors grew its stake in shares of Taiwan Semiconductor Manufacturing by 40.2% in the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after purchasing an additional 5,643,949 shares during the period. PineStone Asset Management Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 116.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock valued at $1,352,992,000 after purchasing an additional 4,186,133 shares during the period. Clearbridge Investments LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 669.7% in the 2nd quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company’s stock valued at $646,832,000 after purchasing an additional 3,237,998 shares during the period. 1832 Asset Management L.P. grew its stake in shares of Taiwan Semiconductor Manufacturing by 1,226.7% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company’s stock valued at $344,809,000 after purchasing an additional 1,834,298 shares during the period. Finally, GQG Partners LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 25.1% in the 1st quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company’s stock valued at $1,161,633,000 after purchasing an additional 1,710,673 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TSM shares. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. TD Cowen upped their price objective on shares of 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 restated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $195.72 on Wednesday. The stock has a market cap of $1.02 trillion, a PE ratio of 31.37, a PEG ratio of 0.93 and a beta of 1.12. The firm’s fifty day moving average price is $181.40 and its two-hundred day moving average price is $169.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $91.29 and a fifty-two week high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced 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. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.00%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 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.