Capital Asset Advisory Services LLC Purchases New Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Capital Asset Advisory Services LLC bought a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,672 shares of the semiconductor company’s stock, valued at approximately $378,000.

A number of other large investors have also recently made changes to their positions in the stock. Johnson Financial Group Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $25,000. Financial Gravity Asset Management Inc. grew its stake 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 purchasing an additional 211 shares in the last quarter. Sachetta LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $29,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $31,000. Finally, Creative Financial Designs Inc. ADV grew its position in shares of Taiwan Semiconductor Manufacturing by 108.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after buying an additional 162 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM traded up $2.20 during mid-day trading on Friday, reaching $173.83. The company had a trading volume of 11,203,953 shares, compared to its average volume of 15,113,441. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $184.86. The stock has a 50 day moving average of $155.76 and a two-hundred day moving average of $134.61. The stock has a market capitalization of $901.55 billion, a P/E ratio of 33.11, a PEG ratio of 1.18 and a beta of 1.11.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its 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 firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business 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 $0.4865 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.12%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.76%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TSM shares. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Susquehanna boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research note on Monday, June 17th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, May 22nd. Finally, TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $173.60.

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.