Creative Planning Increases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Creative Planning boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 495,686 shares of the semiconductor company’s stock after purchasing an additional 37,122 shares during the quarter. Creative Planning’s holdings in Taiwan Semiconductor Manufacturing were worth $86,086,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $25,000. Olistico Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth about $27,000. Valley Wealth Managers Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $27,000. North Star Investment Management Corp. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 670.4% in the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 181 shares in the last quarter. Finally, NewSquare Capital LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $200.78 on Friday. The firm has a fifty day simple moving average of $175.31 and a 200-day simple moving average of $164.27. The company has a market capitalization of $1.04 trillion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 1.13 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.95 and a twelve month high of $212.60. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted 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 net margin of 37.85% and a return on equity of 25.54%. The company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. During the same period in the prior year, the company posted $1.14 EPS. The firm’s revenue for the quarter was up 34.6% on a year-over-year basis. Equities 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. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) 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.