Cumberland Partners Ltd Buys 6,880 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cumberland Partners Ltd lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 15.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,877 shares of the semiconductor company’s stock after acquiring an additional 6,880 shares during the period. Cumberland Partners Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $4,864,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in TSM. Congress Wealth Management LLC DE grew its holdings in Taiwan Semiconductor Manufacturing by 2.2% in the 3rd quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock valued at $2,686,000 after buying an additional 671 shares during the last quarter. CapWealth Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 21.1% in the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after buying an additional 21,329 shares during the last quarter. LGT Capital Partners LTD. grew its holdings in Taiwan Semiconductor Manufacturing by 4.4% in the 3rd quarter. LGT Capital Partners LTD. now owns 1,554,790 shares of the semiconductor company’s stock valued at $135,111,000 after buying an additional 65,220 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Taiwan Semiconductor Manufacturing by 7.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 159,658 shares of the semiconductor company’s stock valued at $13,874,000 after buying an additional 11,427 shares during the last quarter. Finally, Verus Capital Partners LLC grew its holdings in Taiwan Semiconductor Manufacturing by 53.6% in the 3rd quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock valued at $279,000 after buying an additional 1,119 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock traded up $3.74 during midday trading on Tuesday, hitting $133.49. 12,526,720 shares of the company were exchanged, compared to its average volume of 15,867,648. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. The firm has a market cap of $692.33 billion, a P/E ratio of 25.43, a PEG ratio of 0.92 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $81.21 and a 52 week high of $158.40. The firm has a 50 day simple moving average of $136.61 and a 200-day simple moving average of $114.01.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.32%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TSM. Needham & Company LLC reissued a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday. 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. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One research 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 currently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

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.