CENTRAL TRUST Co Decreases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

CENTRAL TRUST Co decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 20.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,283 shares of the semiconductor company’s stock after selling 584 shares during the quarter. CENTRAL TRUST Co’s holdings in Taiwan Semiconductor Manufacturing were worth $396,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TSM. Atlantic Edge Private Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth approximately $27,000. NewSquare Capital LLC acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $29,000. Finally, Fairscale Capital LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $32,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $203.44 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The firm has a market cap of $1.06 trillion, a P/E ratio of 38.75, a P/E/G ratio of 0.96 and a beta of 1.14. The firm’s 50 day moving average price is $178.19 and its 200-day moving average price is $166.30. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.95 and a one 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. Stockholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 36.95%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.