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

Garde Capital Inc. grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 142.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,246 shares of the semiconductor company’s stock after purchasing an additional 3,667 shares during the quarter. Garde Capital Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,085,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $25,000. Reston Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $25,000. Valley Wealth Managers Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. NewSquare Capital LLC acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $29,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $32,000. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $191.50 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The business has a 50-day moving average of $192.64 and a 200-day moving average of $177.70. The stock has a market capitalization of $993.20 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 0.90 and a beta of 1.09. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $98.80 and a fifty-two week high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. As a group, sell-side analysts predict 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. Investors of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.15%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

Wall Street Analyst Weigh In

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

Taiwan Semiconductor Manufacturing 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.