First Citizens Bank & Trust Co. Increases Stake in Taiwan Semiconductor Manufacturing Company

First Citizens Bank & Trust Co. has expanded its investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) by 12.7% in the last quarter of the year. According to the most recent 13F filing with the Securities and Exchange Commission (SEC), the institutional investor now holds a total of 10,682 shares of the semiconductor company after acquiring an additional 1,201 shares during this period. The value of First Citizens Bank & Trust Co.'s investment in TSM reached approximately $2,110,000 as of the latest reporting date.

Institutional Investments and Stake Changes

Other institutional investors have also adjusted their stakes in Taiwan Semiconductor Manufacturing recently. For instance, AlphaMark Advisors LLC raised its holdings by 1.1% in the fourth quarter, acquiring an additional 55 shares, bringing their total to 4,924 shares, valued at about $972,000. Arkfeld Wealth Strategies L.L.C. made a new investment in TSM during the same period, amounting to approximately $211,000. Flagship Harbor Advisors LLC increased its stake by 11.1%, now owning 3,129 shares worth $618,000 after buying 313 additional shares last quarter. Geneos Wealth Management Inc. also expanded its holdings by 4.1%, totaling 13,859 shares valued at $2,737,000 after acquiring 547 shares. Lastly, Aspiring Ventures LLC entered a new position with an investment of around $785,000.

Analyst Ratings and Upgrades

Recent evaluations from research analysts show a positive outlook for TSM. Needham & Company LLC reaffirmed a "buy" rating, setting a price target of $225.00 for the company. StockNews.com also upgraded TSM from a "hold" rating to a "buy" rating. Barclays raised its price target from $240.00 to $255.00, offering an "overweight" rating. Five analysts have rated the stock as "buy," while one analyst assigned it a "hold" rating. The consensus rating stands at "Moderate Buy" with a target price of $220.00 according to MarketBeat.com.

Taiwan Semiconductor Manufacturing Stock Performance

As of Monday, TSM shares opened at $221.73. The stock has a 50-day moving average price of $201.07 and a two-hundred-day moving average of $185.76. The 12-month performance of TSM shows a low of $112.61 and a high of $226.40. Currently, the company has a market capitalization of $1.15 trillion, with a PE ratio of 31.50, a PEG ratio of 0.74, and a beta of 1.07. TSM maintains a quick ratio of 2.30 and a current ratio of 2.57, alongside a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing Increases Dividend

The company recently announced an upcoming quarterly dividend scheduled for payment on April 10th. Shareholders who are on record by March 18th will receive a dividend of $0.5484 per share, reflecting an annualized amount of $2.19 and a yield of 0.99%. This is an increase from the previous quarterly dividend of $0.49, and the payout ratio currently stands at 27.27%.

About Taiwan Semiconductor Manufacturing Company

Taiwan Semiconductor Manufacturing Company Limited, along with its subsidiaries, is engaged in the manufacturing, packaging, testing, and sales of integrated circuits and semiconductor devices on a global scale, including regions like Taiwan, China, Europe, Africa, Japan, and the United States. The firm specializes in a variety of wafer fabrication processes, which encompass manufacturing complementary metal-oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, and various others.

investment, shares, semiconductor