Raymond James & Associates Acquires 63,490 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Raymond James & Associates raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,420,828 shares of the semiconductor company’s stock after acquiring an additional 63,490 shares during the quarter. Raymond James & Associates’ holdings in Taiwan Semiconductor Manufacturing were worth $193,304,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TSM. Tsfg LLC raised its holdings in Taiwan Semiconductor Manufacturing by 470.7% in the 1st quarter. Tsfg LLC now owns 234 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 193 shares during the period. Indiana Trust & Investment Management CO acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $33,000. Johnson Financial Group Inc. bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $25,000. Sachetta LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $29,000. Finally, First Financial Corp IN bought a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $40,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM traded up $1.72 on Friday, hitting $138.30. The stock had a trading volume of 9,453,393 shares, compared to its average volume of 15,706,765. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $82.16 and a twelve month high of $158.40. The company has a market capitalization of $717.28 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 0.99 and a beta of 1.15. The firm’s 50 day moving average price is $137.06 and its 200-day moving average price is $114.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. Needham & Company LLC restated a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

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.