Summit Global Investments Purchases 464 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Summit Global Investments lifted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,494 shares of the semiconductor company’s stock after purchasing an additional 464 shares during the period. Summit Global Investments’ holdings in Taiwan Semiconductor Manufacturing were worth $4,211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Intelligence Driven Advisers LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 103.4% during the 4th quarter. Intelligence Driven Advisers LLC now owns 6,176 shares of the semiconductor company’s stock worth $698,000 after acquiring an additional 3,140 shares during the last quarter. Natixis Advisors L.P. raised its holdings in Taiwan Semiconductor Manufacturing by 12.1% in the 4th quarter. Natixis Advisors L.P. now owns 1,802,208 shares of the semiconductor company’s stock worth $187,429,000 after purchasing an additional 193,990 shares during the period. Benjamin Edwards Inc. lifted its position in Taiwan Semiconductor Manufacturing by 2.3% during the fourth quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 96 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 3.1% during the fourth quarter. First Horizon Advisors Inc. now owns 6,891 shares of the semiconductor company’s stock valued at $717,000 after purchasing an additional 205 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after buying an additional 442,289 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock traded up $1.06 during mid-day trading on Thursday, reaching $136.00. 7,518,789 shares of the company’s stock traded hands, compared to its average volume of 15,543,187. The stock has a 50 day moving average of $137.73 and a two-hundred day moving average of $115.76. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $82.44 and a 12-month high of $158.40. The company has a market cap of $705.35 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 0.98 and a beta of 1.13.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.30%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. TD Cowen upped their target price 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. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Finally, Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.