Wiser Advisor Group LLC Purchases 792 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Wiser Advisor Group LLC boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 147.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,328 shares of the semiconductor company’s stock after buying an additional 792 shares during the quarter. Wiser Advisor Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. PineStone Asset Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 116.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock valued at $1,352,992,000 after purchasing an additional 4,186,133 shares in the last quarter. Clearbridge Investments LLC boosted its position in Taiwan Semiconductor Manufacturing by 669.7% during the 2nd quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company’s stock valued at $646,832,000 after acquiring an additional 3,237,998 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1,226.7% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company’s stock worth $344,809,000 after acquiring an additional 1,834,298 shares during the period. Manning & Napier Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $228,200,000. Finally, LGT Group Foundation boosted its position in shares of Taiwan Semiconductor Manufacturing by 725.0% during the second quarter. LGT Group Foundation now owns 1,412,856 shares of the semiconductor company’s stock valued at $245,569,000 after purchasing an additional 1,241,596 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM traded down $4.80 during midday trading on Monday, reaching $185.28. 3,115,399 shares of the company’s stock traded hands, compared to its average volume of 15,291,576. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $95.25 and a one year high of $212.60. The company has a market cap of $960.94 billion, a price-to-earnings ratio of 30.46, a P/E/G ratio of 0.88 and a beta of 1.12. The stock has a 50 day moving average of $187.92 and a 200 day moving average of $174.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. As a group, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 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, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.18%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.57%.

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.