Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Sugarloaf Wealth Management LLC

Sugarloaf Wealth Management LLC raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 77.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 186 shares of the semiconductor company’s stock after acquiring an additional 81 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $32,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BOKF NA raised its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% during the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after buying an additional 81 shares during the last quarter. Dodge & Cox acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $6,396,000. Credit Capital Investments LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 9.4% during the 4th quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock worth $6,032,000 after buying an additional 5,000 shares during the last quarter. Cetera Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 80.7% during the 1st quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock worth $10,787,000 after buying an additional 35,404 shares during the last quarter. Finally, Prudential PLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 21.2% during the 4th quarter. Prudential PLC now owns 3,544 shares of the semiconductor company’s stock worth $369,000 after buying an additional 619 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 0.8 %

TSM opened at $186.06 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The stock has a market capitalization of $964.98 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 1.06 and a beta of 1.14. The business has a 50-day moving average of $169.21 and a two-hundred day moving average of $161.11. 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 posted its quarterly 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. The company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The firm’s revenue was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 EPS. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders 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 represents a $1.95 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is presently 36.95%.

Analysts Set New Price Targets

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