HM Payson & Co. Has $12.99 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

HM Payson & Co. lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,810 shares of the semiconductor company's stock after selling 7,955 shares during the period. HM Payson & Co.'s holdings in Taiwan Semiconductor Manufacturing were worth $12,992,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Defender Capital LLC. boosted its holdings in Taiwan Semiconductor Manufacturing by 3.7% in the 3rd quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company's stock valued at $272,000 after purchasing an additional 56 shares during the last quarter. Seed Wealth Management Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% in the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company's stock valued at $792,000 after buying an additional 57 shares in the last quarter. Keudell Morrison Wealth Management increased its position in Taiwan Semiconductor Manufacturing by 1.5% during the second quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company's stock worth $700,000 after buying an additional 59 shares during the period. Heron Bay Capital Management grew its stake in shares of Taiwan Semiconductor Manufacturing by 1.0% in the 2nd quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company's stock valued at $992,000 after purchasing an additional 59 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV raised its holdings in Taiwan Semiconductor Manufacturing by 0.4% during the third quarter. Azzad Asset Management Inc. ADV now owns 14,166 shares of the semiconductor company's stock worth $2,460,000 after purchasing an additional 63 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM traded down $3.94 during midday trading on Thursday, reaching $190.54. The company's stock had a trading volume of 12,639,070 shares, compared to its average volume of 15,544,534. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The company has a market capitalization of $988.22 billion, a P/E ratio of 35.77, a P/E/G ratio of 0.98 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $212.60. The business's fifty day simple moving average is $179.54 and its 200-day simple moving average is $167.35.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a $0.4871 dividend. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.02%. Taiwan Semiconductor Manufacturing's payout ratio is presently 36.95%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TSM. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a "hold" rating in a report on Thursday, July 18th. Needham & Company LLC reiterated a "buy" rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, Susquehanna reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Company 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.