Garde Capital Inc. Has $1.09 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Garde Capital Inc. raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 142.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,246 shares of the semiconductor company’s stock after acquiring an additional 3,667 shares during the period. Garde Capital Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,085,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Beaird Harris Wealth Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 86.1% during the third quarter. Beaird Harris Wealth Management LLC now owns 2,871 shares of the semiconductor company’s stock worth $499,000 after purchasing an additional 1,328 shares during the period. Old North State Trust LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 3.6% in the 3rd quarter. Old North State Trust LLC now owns 4,705 shares of the semiconductor company’s stock valued at $817,000 after purchasing an additional 164 shares during the period. Franklin Resources Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 13.2% in the 3rd quarter. Franklin Resources Inc. now owns 6,423,734 shares of the semiconductor company’s stock valued at $1,234,706,000 after buying an additional 750,515 shares in the last quarter. Peapack Gladstone Financial Corp grew its position in Taiwan Semiconductor Manufacturing by 5.5% in the third quarter. Peapack Gladstone Financial Corp now owns 23,353 shares of the semiconductor company’s stock valued at $4,055,000 after acquiring an additional 1,207 shares during the period. Finally, Synovus Financial Corp raised its stake in Taiwan Semiconductor Manufacturing by 299.8% during the third quarter. Synovus Financial Corp now owns 30,955 shares of the semiconductor company’s stock worth $5,376,000 after acquiring an additional 23,213 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Down 1.3 %

TSM opened at $191.50 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $98.80 and a 1-year high of $212.60. The firm has a 50-day moving average price of $192.64 and a two-hundred day moving average price of $177.70. The stock has a market capitalization of $993.20 billion, a PE ratio of 30.69, a PEG ratio of 0.90 and a beta of 1.09. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.97 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

Analysts Set New Price Targets

Several brokerages have recently commented on TSM. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $214.00.

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.