Meridian Investment Counsel Inc. Has $9.32 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

by · The Cerbat Gem

Meridian Investment Counsel Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,284 shares of the semiconductor company’s stock after purchasing an additional 535 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 3.5% of Meridian Investment Counsel Inc.’s portfolio, making the stock its 5th largest holding. Meridian Investment Counsel Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $9,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Nemes Rush Group LLC bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $26,000. Baystate Wealth Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 1,333.3% in the 2nd quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock worth $26,000 after buying an additional 240 shares in the last quarter. Carolinas Wealth Consulting LLC lifted its position in Taiwan Semiconductor Manufacturing by 334.8% in the second quarter. Carolinas Wealth Consulting LLC now owns 287 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 221 shares during the period. PCA Investment Advisory Services Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $29,000. Finally, Retirement Group LLC lifted its position in Taiwan Semiconductor Manufacturing by 82.5% in the second quarter. Retirement Group LLC now owns 334 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 151 shares during the period. 16.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TSM shares. Needham & Company LLC increased their price objective on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research report on Friday, January 12th. Susquehanna lowered their target price on Taiwan Semiconductor Manufacturing from $135.00 to $130.00 in a report on Monday, October 9th. Finally, Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $120.75.

Check Out Our Latest Stock Report on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Price Performance

TSM traded up $1.10 during trading on Tuesday, hitting $114.13. The company’s stock had a trading volume of 11,640,506 shares, compared to its average volume of 15,161,334. The firm’s 50 day moving average price is $101.46 and its two-hundred day moving average price is $95.88. The company has a quick ratio of 1.88, a current ratio of 2.15 and a debt-to-equity ratio of 0.29. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $81.21 and a 12 month high of $115.15. The stock has a market capitalization of $591.92 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 2.61 and a beta of 1.10.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Tuesday, March 19th will be given a $0.5415 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.47. The ex-dividend date is Monday, March 18th. This represents a $2.17 annualized dividend and a yield of 1.90%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 29.54%.

About Taiwan Semiconductor Manufacturing

(Free Report)

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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