Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stake Boosted by Naviter Wealth LLC

Naviter Wealth LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 43.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,646 shares of the semiconductor company’s stock after buying an additional 25,563 shares during the period. Taiwan Semiconductor Manufacturing accounts for 1.9% of Naviter Wealth LLC’s portfolio, making the stock its 8th biggest position. Naviter Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $11,562,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Johnson Financial Group Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $25,000. Financial Gravity Asset Management Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 211 shares in the last quarter. Sachetta LLC bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $29,000. Farmers & Merchants Investments Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $31,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Taiwan Semiconductor Manufacturing by 108.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 162 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TSM shares. TD Cowen upped their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 17th. Needham & Company LLC restated a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, May 22nd. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Finally, Sanford C. Bernstein increased their target price 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.60.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM traded up $3.29 during trading on Tuesday, hitting $175.62. 10,646,245 shares of the company’s stock were exchanged, compared to its average volume of 15,043,256. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $184.86. The business’s 50-day simple moving average is $156.61 and its 200 day simple moving average is $135.55. The company has a market cap of $910.84 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 1.19 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. The company had revenue of $18.87 billion during the quarter, compared to analyst estimates of $18.38 billion. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.76%.

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.