Financial Advocates Investment Management Purchases 5,277 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Financial Advocates Investment Management grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 59.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,122 shares of the semiconductor company’s stock after acquiring an additional 5,277 shares during the period. Financial Advocates Investment Management’s holdings in Taiwan Semiconductor Manufacturing were worth $2,455,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Alliance Wealth Advisors LLC UT acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $204,000. Mather Group LLC. grew its position in shares of Taiwan Semiconductor Manufacturing by 2.0% during the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock worth $501,000 after purchasing an additional 96 shares in the last quarter. Investment House LLC raised its holdings in Taiwan Semiconductor Manufacturing by 117.5% in the 4th quarter. Investment House LLC now owns 45,840 shares of the semiconductor company’s stock valued at $4,767,000 after acquiring an additional 24,762 shares in the last quarter. Naviter Wealth LLC lifted its position in Taiwan Semiconductor Manufacturing by 27.7% during the fourth quarter. Naviter Wealth LLC now owns 59,083 shares of the semiconductor company’s stock worth $6,172,000 after purchasing an additional 12,819 shares during the period. Finally, Intrust Bank NA boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.8% during the 4th quarter. Intrust Bank NA now owns 14,187 shares of the semiconductor company’s stock worth $1,475,000 after acquiring an additional 111 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TSM. Needham & Company LLC lifted their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Susquehanna restated a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Sanford C. Bernstein lifted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Finally, TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Up 1.8 %

Taiwan Semiconductor Manufacturing stock traded up $3.03 during midday trading on Thursday, hitting $172.23. 6,443,686 shares of the stock were exchanged, compared to its average volume of 15,887,465. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $193.47. The business’s 50-day moving average price is $171.05 and its 200-day moving average price is $153.37. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $893.26 billion, a price-to-earnings ratio of 32.70, a price-to-earnings-growth ratio of 0.99 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 the consensus estimate of $1.37 by $0.11. The company had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.13%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.57%.

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.