Keystone Financial Services Increases Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Keystone Financial Services boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,403 shares of the semiconductor company’s stock after purchasing an additional 146 shares during the quarter. Keystone Financial Services’ holdings in Taiwan Semiconductor Manufacturing were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TSM. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $25,000. Reston Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the third quarter worth approximately $25,000. Valley Wealth Managers Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth approximately $27,000. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth approximately $27,000. Finally, NewSquare Capital LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $29,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $194.05 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60. The company has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 31.10, a PEG ratio of 0.97 and a beta of 1.12. The business has a 50-day moving average of $183.11 and a 200-day moving average of $170.59.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.00%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TSM shares. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday. TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $209.00.

About Taiwan Semiconductor Manufacturing

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.