Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) by 7.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,686 shares of the semiconductor company’s stock after purchasing an additional 453 shares during the quarter. First Horizon Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $581,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Nemes Rush Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $26,000. Baystate Wealth Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1,333.3% in the 2nd quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 240 shares in the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $27,000. Carolinas Wealth Consulting LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 334.8% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 287 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 221 shares during the last quarter. Finally, PCA Investment Advisory Services Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 0.0 %

Taiwan Semiconductor Manufacturing stock opened at $101.24 on Friday. The firm has a 50 day simple moving average of $99.78 and a 200-day simple moving average of $95.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.15 and a quick ratio of 1.88. The stock has a market capitalization of $525.07 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 2.43 and a beta of 1.10. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $81.21 and a 12-month high of $110.69.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last posted its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.13. The business had revenue of $17.28 billion during the quarter, compared to analysts’ expectations of $16.90 billion. Taiwan Semiconductor Manufacturing had a net margin of 41.42% and a return on equity of 28.28%. The business’s revenue was down 10.1% on a year-over-year basis. During the same period last year, the firm posted $1.79 earnings per share. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 4.97 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Tuesday, March 19th will be issued a $0.5415 dividend. The ex-dividend date is Monday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.47. This represents a $2.17 annualized dividend and a dividend yield of 2.14%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 27.52%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 23rd. They set an “overweight” rating and a $105.00 price objective for the company. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research report on Friday. Susquehanna decreased their target price on shares of Taiwan Semiconductor Manufacturing from $135.00 to $130.00 in a research report on Monday, October 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $115.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus target price of $111.25.

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About Taiwan Semiconductor Manufacturing

(Free Report)

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

See Also

Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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