WD Rutherford LLC Grows Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

WD Rutherford LLC increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 701.9% in the third quarter, Holdings Channel reports. The institutional investor owned 5,381 shares of the semiconductor company’s stock after acquiring an additional 4,710 shares during the quarter. WD Rutherford LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $935,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BOKF NA raised its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% in the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 81 shares in the last quarter. Cetera Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 80.7% in the 1st quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock worth $10,787,000 after acquiring an additional 35,404 shares in the last quarter. ProShare Advisors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $210,000. Empowered Funds LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 53.8% in the first quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock worth $2,837,000 after purchasing an additional 7,293 shares during the period. Finally, Gamco Investors INC. ET AL bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at $437,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock opened at $197.08 on Wednesday. The company has a market capitalization of $1.02 trillion, a P/E ratio of 37.54, a PEG ratio of 0.98 and a beta of 1.14. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The company has a 50-day simple moving average of $179.08 and a 200 day simple moving average of $167.16. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 36.95%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing 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.