RBA Wealth Management LLC Buys 21,013 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

RBA Wealth Management LLC raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 1,780.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,193 shares of the semiconductor company's stock after buying an additional 21,013 shares during the period. RBA Wealth Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $3,854,000 as of its most recent SEC filing.

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

Taiwan Semiconductor Manufacturing Trading Down 1.7 %

Shares of NYSE:TSM traded down $3.46 during mid-day trading on Tuesday, reaching $198.49. The stock had a trading volume of 11,134,932 shares, compared to its average volume of 15,604,463. The firm has a market cap of $1.03 trillion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. The firm has a 50 day simple moving average of $176.52 and a two-hundred day simple moving average of $165.27. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.95 and a twelve month 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. Stockholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 31.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. TD Cowen boosted their target price 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. Needham & Company LLC reiterated a "buy" rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Susquehanna restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $200.00.

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.