Commerce Bank Lowers Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Commerce Bank Lowers Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Posted by James Conley on Nov 18th, 2020 Tweet
Commerce Bank lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 20.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 45,288 shares of the semiconductor company’s stock after selling 11,963 shares during the quarter. Commerce Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $3,671,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the business. Morgan Stanley grew its holdings in shares of Taiwan Semiconductor Manufacturing by 4.9% during the 1st quarter. Morgan Stanley now owns 12,237,166 shares of the semiconductor company’s stock worth $584,814,000 after purchasing an additional 570,945 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 182,637 shares of the semiconductor company’s stock worth $10,368,000 after purchasing an additional 5,099 shares during the period. Valeo Financial Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 205.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,802 shares of the semiconductor company’s stock worth $216,000 after purchasing an additional 2,559 shares during the period. Patten Group Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 25.0% during the 2nd quarter. Patten Group Inc. now owns 8,898 shares of the semiconductor company’s stock worth $505,000 after purchasing an additional 1,780 shares during the period. Finally, Belpointe Asset Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 81.4% during the 2nd quarter. Belpointe Asset Management LLC now owns 10,781 shares of the semiconductor company’s stock worth $612,000 after purchasing an additional 4,839 shares during the period. Institutional investors and hedge funds own 18.52% of the company’s stock. Get Taiwan Semiconductor Manufacturing alerts:
A number of equities analysts have recently weighed in on TSM shares. Credit Suisse Group upgraded Taiwan Semiconductor Manufacturing from a “neutral” rating to an “outperform” rating in a report on Monday, July 27th. New Street Research began coverage on Taiwan Semiconductor Manufacturing in a report on Friday, August 28th. They set a “buy” rating for the company. Macquarie upgraded Taiwan Semiconductor Manufacturing from a “neutral” rating to an “outperform” rating in a report on Friday, July 24th. JPMorgan Chase & Co. restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, July 27th. Finally, Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Friday, October 9th. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $68.50. Shares of TSM opened at $95.71 on Wednesday. The stock has a 50-day simple moving average of $87.33 and a 200-day simple moving average of $71.65. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 1.40. The stock has a market capitalization of $496.36 billion, a PE ratio of 30.29, a PEG ratio of 1.18 and a beta of 0.93. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $42.70 and a 1 year high of $102.44.
The business also recently disclosed an annual dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, March 18th will be paid a $0.3463 dividend. This represents a dividend yield of 1.5%. The ex-dividend date is Wednesday, March 17th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 63.72%.
Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.
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