Miracle Mile Advisors LLC Invests $227,000 in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Miracle Mile Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,671 shares of the semiconductor company’s stock, valued at approximately $227,000.

Several other institutional investors have also added to or reduced their stakes in TSM. Toth Financial Advisory Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 3.3% during the first quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock worth $311,000 after buying an additional 74 shares in the last quarter. Physician Wealth Advisors Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 3.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 3,081 shares of the semiconductor company’s stock worth $431,000 after acquiring an additional 90 shares in the last quarter. Avestar Capital LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 1.8% during the 4th quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company’s stock valued at $567,000 after acquiring an additional 95 shares during the period. Mather Group LLC. increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.0% in the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock valued at $501,000 after purchasing an additional 96 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 2.3% in the 4th quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 96 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $175.62 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.01 and a twelve month high of $184.86. The firm has a market capitalization of $910.84 billion, a PE ratio of 33.45, a PEG ratio of 1.19 and a beta of 1.14. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $156.61 and its 200 day moving average price is $135.55.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

Analyst Ratings Changes

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

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.