Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stake Lifted by Hardy Reed LLC

Hardy Reed LLC raised its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,635 shares of the semiconductor company’s stock after buying an additional 56 shares during the quarter. Hardy Reed LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $805,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of TSM. BOKF NA lifted its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% in the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after acquiring an additional 81 shares during the period. B. Riley Wealth Advisors Inc. raised its position in Taiwan Semiconductor Manufacturing by 3.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 23,643 shares of the semiconductor company’s stock worth $3,217,000 after acquiring an additional 869 shares in the last quarter. Creekmur Asset Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 88.6% during the 1st quarter. Creekmur Asset Management LLC now owns 249 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 117 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $205,000. Finally, XML Financial LLC lifted its stake in Taiwan Semiconductor Manufacturing by 6.6% during the first quarter. XML Financial LLC now owns 2,422 shares of the semiconductor company’s stock valued at $330,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TSM. Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $183.80 on Wednesday. The company has a market capitalization of $953.26 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 0.85 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $188.57 and its 200-day simple moving average is $174.66.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.19%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

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.