1,845 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Acquired by Central Valley Advisors LLC

Central Valley Advisors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,845 shares of the semiconductor company’s stock, valued at approximately $320,000.

Several other institutional investors have also added to or reduced their stakes in the business. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at $25,000. LifeSteps Financial Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $27,000. Olistico Wealth LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $27,000. Valley Wealth Managers Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $27,000. Finally, North Star Investment Management Corp. lifted its position in Taiwan Semiconductor Manufacturing by 670.4% during the first 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 during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock traded up $1.68 during trading hours on Friday, reaching $181.16. 10,001,896 shares of the company traded hands, compared to its average volume of 12,357,744. The firm has a 50-day moving average price of $168.72 and a 200 day moving average price of $160.44. The company has a market cap of $939.57 billion, a P/E ratio of 34.51, a P/E/G ratio of 1.03 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.95 and a 12-month high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued 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 business had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The company’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.14 earnings per share. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm 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 dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 1.08%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 36.95%.

Analyst Upgrades and Downgrades

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

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.