Raymond James & Associates Buys 107,910 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Raymond James & Associates increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,711,953 shares of the semiconductor company’s stock after purchasing an additional 107,910 shares during the period. Raymond James & Associates’ holdings in Taiwan Semiconductor Manufacturing were worth $297,315,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. BOKF NA raised its position in Taiwan Semiconductor Manufacturing by 4.8% in the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 81 shares during the last quarter. Cetera Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 80.7% during the first quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock worth $10,787,000 after purchasing an additional 35,404 shares during the last quarter. ProShare Advisors LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $210,000. Empowered Funds LLC increased its stake in Taiwan Semiconductor Manufacturing by 53.8% in the 1st quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock valued at $2,837,000 after buying an additional 7,293 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $437,000. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the subject of several recent research reports. TD Cowen increased their price target 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. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded down $5.06 during trading hours on Friday, hitting $200.78. The company had a trading volume of 21,030,823 shares, compared to its average volume of 15,630,695. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.95 and a one year high of $212.60. The firm has a 50-day moving average of $175.31 and a 200 day moving average of $164.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The firm has a market cap of $1.04 trillion, a PE ratio of 38.24, a PEG ratio of 1.13 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.11. The firm had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 EPS. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm 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 $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 0.97%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio 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.