Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Premier Fund Managers Ltd

January 15, 2022
MediaIntel.Asia

Premier Fund Managers Ltd lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 27.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 930 shares of the semiconductor company’s stock after purchasing an additional 200 shares during the quarter. Premier Fund Managers Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $104,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. American National Bank purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $25,000. Albion Financial Group UT purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $28,000. Activest Wealth Management lifted its position in shares of Taiwan Semiconductor Manufacturing by 225.0% during the 3rd quarter. Activest Wealth Management now owns 247 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 171 shares in the last quarter. Magellan Asset Management Ltd purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $37,000. Finally, Herold Advisors Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $44,000.
Shares of TSM opened at $140.66 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $107.58 and a 52-week high of $145.00. The stock has a fifty day simple moving average of $122.01 and a two-hundred day simple moving average of $118.35. The company has a quick ratio of 1.81, a current ratio of 2.09 and a debt-to-equity ratio of 0.23.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 14th. Investors of record on Thursday, March 17th will be given a dividend of $0.3911 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, March 16th. Taiwan Semiconductor Manufacturing’s payout ratio is 38.11%.
TSM has been the topic of a number of recent analyst reports. Atlantic Securities upgraded Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $125.00 to $170.00 in a report on Thursday. Susquehanna Bancshares restated a “hold” rating and issued a $130.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Monday, November 22nd. Zacks Investment Research lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Friday. Susquehanna restated a “hold” rating and issued a $130.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Monday, November 22nd. Finally, DZ Bank initiated coverage on Taiwan Semiconductor Manufacturing in a report on Wednesday. They issued a “buy” rating and a $145.00 price objective on the stock. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Hold” and an average price target of $139.76.
Taiwan Semiconductor Manufacturing Profile
Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.
Further Reading: Cyclical Stocks
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