Whittier Trust Co. Increases Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Whittier Trust Co. boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,443 shares of the semiconductor company’s stock after acquiring an additional 2,406 shares during the quarter. Whittier Trust Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $7,371,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at about $27,000. Olistico Wealth LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at about $27,000. NewSquare Capital LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $29,000. Finally, Fairscale Capital LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $32,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock opened at $201.90 on Tuesday. 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 stock’s 50 day simple moving average is $176.00 and its 200 day simple moving average is $164.86. The firm has a market cap of $1.05 trillion, a P/E ratio of 32.36, a P/E/G ratio of 1.16 and a beta of 1.14.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm 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 dividend yield of 0.97%. 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. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Finally, TD Cowen increased 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 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’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average price target of $200.00.

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.