JLB & Associates Inc. Buys 1,657 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

JLB & Associates Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 40,239 shares of the semiconductor company’s stock after acquiring an additional 1,657 shares during the quarter. JLB & Associates Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $6,988,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $25,000. LifeSteps Financial Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at $27,000. Olistico Wealth LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $27,000. Valley Wealth Managers Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $27,000. Finally, North Star Investment Management Corp. increased its position in shares of Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TSM. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Needham & Company LLC lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Susquehanna reiterated a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Trading Up 2.1 %

TSM opened at $175.76 on Thursday. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average price of $167.95 and a two-hundred day moving average price of $160.00. The company has a market cap of $911.56 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 1.04 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.95 and a 1-year high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The company had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. The firm’s revenue for the quarter was up 34.6% on a year-over-year basis. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.4871 dividend. This represents a $1.95 annualized dividend and a yield of 1.11%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 36.95%.

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.