Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 41.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,348 shares of the semiconductor company’s stock after purchasing an additional 9,705 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $5,814,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Connective Capital Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $1,488,000. Newport Capital Group LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $315,000. High Falls Advisors Inc boosted its position in shares of Taiwan Semiconductor Manufacturing by 66.7% in the second quarter. High Falls Advisors Inc now owns 5,000 shares of the semiconductor company’s stock worth $869,000 after acquiring an additional 2,000 shares during the last quarter. Regal Investment Advisors LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $579,000. Finally, Sunbelt Securities Inc. grew its position in Taiwan Semiconductor Manufacturing by 6.4% during the second quarter. Sunbelt Securities Inc. now owns 5,587 shares of the semiconductor company’s stock valued at $971,000 after acquiring an additional 336 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock opened at $173.67 on Tuesday. The firm has a 50 day simple moving average of $167.59 and a 200 day simple moving average of $159.64. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.95 and a 52 week high of $193.47. The stock has a market cap of $900.72 billion, a P/E ratio of 33.08, a P/E/G ratio of 1.04 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. The company had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 earnings per share. Research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.12%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 36.95%.

Analysts Set New Price Targets

A number of analysts recently weighed in on TSM shares. Needham & Company LLC upped their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. TD Cowen boosted their target price 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. Sanford C. Bernstein upped their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Susquehanna reaffirmed a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Finally, Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.