1,211 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Bought by Morling Financial Advisors LLC

Morling Financial Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the second quarter, HoldingsChannel.com reports. The fund purchased 1,211 shares of the semiconductor company’s stock, valued at approximately $210,000.

A number of other institutional investors also recently modified their holdings of TSM. Headlands Technologies LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 5,011.9% during the second quarter. Headlands Technologies LLC now owns 68,346 shares of the semiconductor company’s stock worth $11,879,000 after buying an additional 67,009 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 117.3% in the 2nd quarter. Coldstream Capital Management Inc. now owns 16,102 shares of the semiconductor company’s stock valued at $2,799,000 after purchasing an additional 8,693 shares during the last quarter. Gryphon Financial Partners LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 20.6% in the 2nd quarter. Gryphon Financial Partners LLC now owns 4,676 shares of the semiconductor company’s stock valued at $813,000 after purchasing an additional 799 shares during the period. Redwood Financial Network Corp acquired a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth approximately $204,000. Finally, Daiwa Securities Group Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 3.9% during the second quarter. Daiwa Securities Group Inc. now owns 21,548 shares of the semiconductor company’s stock worth $3,745,000 after acquiring an additional 801 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $162.49 on Wednesday. The company’s 50-day simple moving average is $169.33 and its two-hundred day simple moving average is $155.98. 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 stock has a market capitalization of $842.74 billion, a P/E ratio of 30.95, a P/E/G ratio of 0.92 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion during 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%. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared 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. This represents a $1.95 annualized dividend and a yield of 1.20%. 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. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.57%.

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.