Toth Financial Advisory Corp Increases Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Toth Financial Advisory Corp raised its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,288 shares of the semiconductor company’s stock after purchasing an additional 74 shares during the period. Toth Financial Advisory Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $311,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. CapWealth Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 21.1% during the fourth quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock worth $12,720,000 after acquiring an additional 21,329 shares during the last quarter. Dodge & Cox acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $6,396,000. Fisher Asset Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after purchasing an additional 442,289 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $553,000. Finally, Credit Capital Investments LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 9.4% during the fourth quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock worth $6,032,000 after purchasing an additional 5,000 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein increased their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Finally, Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $173.60.

Taiwan Semiconductor Manufacturing Trading Up 1.3 %

NYSE:TSM opened at $173.81 on Friday. The company has a market capitalization of $901.45 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. 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 fifty day simple moving average of $155.76 and a 200-day simple moving average of $134.84.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.09. The business had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be given a dividend of $0.4865 per share. This represents a $1.95 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Thursday, September 12th. 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%.

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.