W.G. Shaheen & Associates DBA Whitney & Co Buys 5,397 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 18.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 35,133 shares of the semiconductor company’s stock after purchasing an additional 5,397 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Taiwan Semiconductor Manufacturing were worth $6,102,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in TSM. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. Olistico Wealth LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. Finally, NewSquare Capital LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $29,000. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on TSM shares. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $187.44 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $95.25 and a one year high of $212.60. The stock has a market cap of $972.14 billion, a PE ratio of 30.04, a P/E/G ratio of 0.87 and a beta of 1.12. The firm has a 50 day simple moving average of $186.28 and a two-hundred day simple moving average of $172.79.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.17%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

Taiwan Semiconductor Manufacturing Company 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.