Fulton Breakefield Broenniman LLC Has $19.64 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fulton Breakefield Broenniman LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 188,833 shares of the semiconductor company’s stock after acquiring an additional 2,136 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 1.6% of Fulton Breakefield Broenniman LLC’s holdings, making the stock its 23rd biggest holding. Fulton Breakefield Broenniman LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $19,639,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Truist Financial Corp boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.0% during the 4th quarter. Truist Financial Corp now owns 448,522 shares of the semiconductor company’s stock worth $46,646,000 after acquiring an additional 4,492 shares in the last quarter. K.J. Harrison & Partners Inc acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $572,000. Callan Capital LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 125.7% during the 4th quarter. Callan Capital LLC now owns 8,299 shares of the semiconductor company’s stock worth $863,000 after acquiring an additional 4,622 shares in the last quarter. Bahl & Gaynor Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 27.3% during the 4th quarter. Bahl & Gaynor Inc. now owns 9,330 shares of the semiconductor company’s stock worth $970,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Nipun Capital L.P. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $894,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on TSM shares. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. Barclays increased their price objective on shares of 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, Needham & Company LLC reissued a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $138.30 on Friday. The company has a fifty day moving average price of $137.06 and a 200-day moving average price of $114.81. The company has a market capitalization of $717.28 billion, a P/E ratio of 26.34, a PEG ratio of 0.99 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $82.16 and a 52-week high of $158.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33.

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 dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

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.