Mezzasalma Advisors LLC Buys New Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mezzasalma Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,504 shares of the semiconductor company’s stock, valued at approximately $609,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 12.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 6,824 shares of the semiconductor company’s stock worth $1,185,000 after purchasing an additional 778 shares during the period. Bfsg LLC grew its stake in Taiwan Semiconductor Manufacturing by 26.7% during the third quarter. Bfsg LLC now owns 30,268 shares of the semiconductor company’s stock worth $5,257,000 after buying an additional 6,372 shares during the period. BOS Asset Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 22.7% in the third quarter. BOS Asset Management LLC now owns 10,075 shares of the semiconductor company’s stock worth $1,750,000 after acquiring an additional 1,861 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in shares of Taiwan Semiconductor Manufacturing by 7.0% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 153,063 shares of the semiconductor company’s stock valued at $26,582,000 after acquiring an additional 10,075 shares during the period. Finally, Transform Wealth LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $3,128,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $204.13 on Thursday. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $205.98. The business has a 50 day moving average price of $173.82 and a two-hundred day moving average price of $163.39. The firm has a market cap of $1.06 trillion, a PE ratio of 35.71, a price-to-earnings-growth ratio of 1.13 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 earnings per share. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 36.95%.

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.