Well Done LLC Grows Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Well Done LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,613 shares of the semiconductor company’s stock after purchasing an additional 403 shares during the period. Well Done LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $627,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TSM. Onyx Bridge Wealth Group LLC grew its holdings in Taiwan Semiconductor Manufacturing by 17.2% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 1,645 shares of the semiconductor company’s stock valued at $286,000 after buying an additional 242 shares in the last quarter. Drake & Associates LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at about $348,000. Trust Co. of Vermont increased its position in Taiwan Semiconductor Manufacturing by 7.8% during the third quarter. Trust Co. of Vermont now owns 32,099 shares of the semiconductor company’s stock worth $5,575,000 after purchasing an additional 2,328 shares during the last quarter. Secure Asset Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the third quarter worth about $253,000. Finally, Bleakley Financial Group LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 0.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 41,649 shares of the semiconductor company’s stock valued at $7,233,000 after purchasing an additional 246 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 1.9 %

Shares of NYSE TSM traded down $3.87 during trading on Friday, reaching $201.97. The stock had a trading volume of 5,471,861 shares, compared to its average volume of 15,554,315. The business’s 50-day moving average price is $174.64 and its 200-day moving average price is $163.69. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $212.60. 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 company has a market cap of $1.05 trillion, a P/E ratio of 38.61, a PEG ratio of 1.13 and a beta of 1.14.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 0.96%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 36.95%.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent analyst reports. Sanford C. Bernstein raised their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. TD Cowen upped their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Susquehanna reissued a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing 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.