Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Position Raised by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 35.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,360 shares of the semiconductor company’s stock after acquiring an additional 1,390 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $932,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. LifeSteps Financial Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $27,000. North Star Investment Management Corp. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 670.4% during the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 181 shares in the last quarter. Tsfg LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 470.7% during the 1st quarter. Tsfg LLC now owns 234 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 193 shares in the last quarter. Indiana Trust & Investment Management CO bought a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at $33,000. Finally, Cherry Tree Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.8 %

NYSE TSM traded down $1.20 during trading on Monday, reaching $148.66. 20,497,504 shares of the stock traded hands, compared to its average volume of 16,057,396. The firm has a market cap of $771.01 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 0.89 and a beta of 1.14. The stock’s 50-day moving average price is $169.82 and its 200 day moving average price is $147.49. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two week high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. The company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. The business’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 earnings per share. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a $0.4865 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a dividend yield of 1.31%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.57%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein raised their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Finally, TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

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.