28,084 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Purchased by Nwam LLC

Nwam LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 28,084 shares of the semiconductor company’s stock, valued at approximately $4,877,000.

Other institutional investors also recently bought and sold shares of the company. Meridian Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $4,657,000. Icon Wealth Advisors LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 232.9% in the 3rd quarter. Icon Wealth Advisors LLC now owns 10,141 shares of the semiconductor company’s stock valued at $1,761,000 after buying an additional 7,095 shares during the period. GM Advisory Group LLC raised its holdings in Taiwan Semiconductor Manufacturing by 2.0% in the 3rd quarter. GM Advisory Group LLC now owns 10,455 shares of the semiconductor company’s stock valued at $1,816,000 after buying an additional 208 shares during the period. Raymond James Trust N.A. boosted its position in shares of Taiwan Semiconductor Manufacturing by 14.8% during the third quarter. Raymond James Trust N.A. now owns 34,595 shares of the semiconductor company’s stock worth $6,008,000 after buying an additional 4,470 shares during the period. Finally, AlphaCore Capital LLC grew its position in Taiwan Semiconductor Manufacturing by 16.1% in the 3rd quarter. AlphaCore Capital LLC now owns 13,476 shares of the semiconductor company’s stock valued at $2,349,000 after acquiring an additional 1,871 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $191.71 on Friday. The company has a market cap of $994.29 billion, a PE ratio of 30.55, a P/E/G ratio of 0.87 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month high of $212.60. The company has a fifty day moving average price of $187.57 and a two-hundred day moving average price of $173.35. 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 (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a $0.5484 dividend. This represents a $2.19 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.09%.

Analyst Ratings Changes

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

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.