Bank OZK Has $1.55 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bank OZK boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,924 shares of the semiconductor company’s stock after purchasing an additional 557 shares during the quarter. Bank OZK’s holdings in Taiwan Semiconductor Manufacturing were worth $1,552,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Congress Wealth Management LLC DE grew its stake in Taiwan Semiconductor Manufacturing by 2.2% during the 3rd quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock valued at $2,686,000 after acquiring an additional 671 shares in the last quarter. CapWealth Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 21.1% during the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after acquiring an additional 21,329 shares in the last quarter. Verus Capital Partners LLC grew its stake in Taiwan Semiconductor Manufacturing by 53.6% during the 3rd quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock valued at $279,000 after acquiring an additional 1,119 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Taiwan Semiconductor Manufacturing by 99.3% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,087 shares of the semiconductor company’s stock valued at $442,000 after buying an additional 2,534 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Taiwan Semiconductor Manufacturing by 23.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,811 shares of the semiconductor company’s stock valued at $1,200,000 after buying an additional 2,663 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded up $1.72 during trading hours on Friday, reaching $138.30. 9,453,393 shares of the company were exchanged, compared to its average volume of 15,706,765. The firm has a market cap of $717.28 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 0.97 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. The stock has a 50-day moving average of $137.06 and a 200 day moving average of $114.64. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $82.16 and a 12 month high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.27%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

Wall Street Analysts Forecast Growth

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

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.