Dynamic Advisor Solutions LLC Purchases 339 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Dynamic Advisor Solutions LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,365 shares of the semiconductor company’s stock after acquiring an additional 339 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,537,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors boosted its stake in Taiwan Semiconductor Manufacturing by 1.7% during the first quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock valued at $5,722,410,000 after buying an additional 704,804 shares during the period. Fisher Asset Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 31,060,369 shares of the semiconductor company’s stock valued at $3,230,279,000 after acquiring an additional 422,976 shares during the last quarter. Capital International Investors grew its holdings in shares of Taiwan Semiconductor Manufacturing by 40.2% during the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock worth $2,679,602,000 after purchasing an additional 5,643,949 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Taiwan Semiconductor Manufacturing by 4.3% in the second quarter. Van ECK Associates Corp now owns 18,167,165 shares of the semiconductor company’s stock worth $3,157,635,000 after purchasing an additional 750,971 shares during the last quarter. Finally, Harding Loevner LP raised its stake in Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock valued at $1,222,768,000 after purchasing an additional 2,008,043 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC increased their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Susquehanna reaffirmed a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Finally, Sanford C. Bernstein increased their price objective 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Trading Up 0.8 %

Shares of TSM stock opened at $186.06 on Wednesday. The business has a 50-day moving average of $169.21 and a 200 day moving average of $161.11. 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 Company Limited has a 1-year low of $84.95 and a 1-year high of $193.47. The stock has a market capitalization of $964.98 billion, a PE ratio of 35.44, a P/E/G ratio of 1.06 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The firm had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. During the same quarter in the prior year, the firm posted $1.14 earnings per share. The business’s quarterly revenue was up 34.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 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. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.05%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 36.95%.

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.