Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC lifted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.9% in the third quarter, HoldingsChannel reports. The firm owned 3,445 shares of the semiconductor company’s stock after buying an additional 394 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $598,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TSM. Atlantic Edge Private Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $25,000. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $27,000. Valley Wealth Managers Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $27,000. North Star Investment Management Corp. lifted its stake in Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 181 shares during the last quarter. Finally, NewSquare Capital LLC purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $29,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 2.5 %

TSM stock opened at $200.78 on Monday. The company has a fifty day moving average price of $175.31 and a 200 day moving average price of $164.42. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.95 and a 12 month high of $212.60. The company has a market cap of $1.04 trillion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. The company had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.97%. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 EPS. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.63 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a $0.4871 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.57%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. TD Cowen boosted their price objective 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, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $200.00.

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.