Channing Global Advisors LLC Raises Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Channing Global Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,440 shares of the semiconductor company’s stock after buying an additional 2,058 shares during the period. Taiwan Semiconductor Manufacturing makes up about 5.6% of Channing Global Advisors LLC’s investment portfolio, making the stock its 4th largest position. Channing Global Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $7,118,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TSM. Financial Gravity Asset Management Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 208.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 211 shares in the last quarter. Farmers & Merchants Investments Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $31,000. Creative Financial Designs Inc. ADV raised its position in shares of Taiwan Semiconductor Manufacturing by 108.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 162 shares during the last quarter. Baystate Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 53.5% during the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 138 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $37,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

TSM has been the subject of a number of recent analyst reports. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Needham & Company LLC restated a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Finally, TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded up $1.21 on Friday, hitting $137.79. The company’s stock had a trading volume of 4,735,584 shares, compared to its average volume of 15,751,529. The firm has a market capitalization of $714.64 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 0.95 and a beta of 1.15. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $82.16 and a one year high of $158.40. The stock has a fifty day moving average of $136.83 and a two-hundred day moving average of $114.30.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm 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 $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.28%. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

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.