4,259 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Purchased by Hodges Capital Management Inc.

Hodges Capital Management Inc. purchased a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 4,259 shares of the semiconductor company’s stock, valued at approximately $345,000.

A number of other large investors have also bought and sold shares of TSM. Keebeck Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter worth about $36,000. James Investment Research Inc. raised its position in Taiwan Semiconductor Manufacturing by 1,116.4% in the second quarter. James Investment Research Inc. now owns 888 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 815 shares in the last quarter. West Oak Capital LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 111.8% during the third quarter. West Oak Capital LLC now owns 663 shares of the semiconductor company’s stock worth $54,000 after buying an additional 350 shares in the last quarter. Toth Financial Advisory Corp acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth approximately $57,000. Finally, Glassman Wealth Services increased its holdings in shares of Taiwan Semiconductor Manufacturing by 60.8% during the second quarter. Glassman Wealth Services now owns 1,034 shares of the semiconductor company’s stock worth $59,000 after buying an additional 391 shares in the last quarter. 18.52% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on the stock. Credit Suisse Group raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “outperform” rating in a report on Monday, July 27th. Macquarie raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “outperform” rating in a report on Friday, July 24th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Friday, October 9th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, July 27th. Finally, 140166 reissued a “sell” rating and issued a $40.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Friday, July 10th. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $68.50.

Shares of TSM stock opened at $86.70 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $42.70 and a 52-week high of $91.27. The stock has a market cap of $449.63 billion, a PE ratio of 30.10, a PEG ratio of 1.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 1.40. The firm’s 50 day moving average price is $81.85 and its two-hundred day moving average price is $65.54.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 16th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Taiwan Semiconductor Manufacturing had a net margin of 36.96% and a return on equity of 27.42%. The firm had revenue of $310.70 billion for the quarter, compared to analysts’ expectations of $273.44 billion. During the same period last year, the firm earned $2.57 earnings per share. The business’s revenue for the quarter was up 28.9% on a year-over-year basis. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 3.13 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 14th. Shareholders of record on Friday, December 18th will be paid a $0.4253 dividend. The ex-dividend date of this dividend is Thursday, December 17th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.33. This represents a $1.70 dividend on an annualized basis and a yield of 1.96%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 63.72%.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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