Westover Capital Advisors LLC Makes New $1.02 Million Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Westover Capital Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,876 shares of the semiconductor company’s stock, valued at approximately $1,021,000.

Other hedge funds also recently modified their holdings of the company. 1ST Source Bank purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $257,000. SYM FINANCIAL Corp purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $229,000. Client 1ST Advisory Group LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 17.6% during the 2nd quarter. Client 1ST Advisory Group LLC now owns 3,018 shares of the semiconductor company’s stock worth $525,000 after acquiring an additional 451 shares during the period. Zions Bancorporation N.A. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 107,023.5% during the 2nd quarter. Zions Bancorporation N.A. now owns 18,211 shares of the semiconductor company’s stock worth $3,165,000 after acquiring an additional 18,194 shares during the period. Finally, Valley Wealth Managers Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $27,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Up 0.6 %

NYSE TSM opened at $172.51 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $193.47. The company’s 50 day moving average price is $168.64 and its 200 day moving average price is $156.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The firm has a market capitalization of $894.71 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 1.00 and a beta of 1.14.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid 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 1.13%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.57%.

Wall Street Analyst Weigh In

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