Morse Asset Management Inc Acquires 3,830 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Morse Asset Management Inc raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 91.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,020 shares of the semiconductor company’s stock after purchasing an additional 3,830 shares during the quarter. Morse Asset Management Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $1,394,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Commerce Bank lifted its holdings in Taiwan Semiconductor Manufacturing by 5.5% in the fourth quarter. Commerce Bank now owns 55,084 shares of the semiconductor company’s stock worth $5,729,000 after buying an additional 2,884 shares during the period. SageView Advisory Group LLC grew its stake in Taiwan Semiconductor Manufacturing by 117.7% in the fourth quarter. SageView Advisory Group LLC now owns 6,911 shares of the semiconductor company’s stock worth $719,000 after purchasing an additional 3,737 shares during the period. Johnson Financial Group Inc. bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $25,000. Nations Financial Group Inc. IA ADV lifted its position in Taiwan Semiconductor Manufacturing by 1.3% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,732 shares of the semiconductor company’s stock valued at $1,012,000 after buying an additional 124 shares during the period. Finally, Act Two Investors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $331,000. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $174.08 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $193.47. The stock has a 50-day moving average of $167.03 and a 200 day moving average of $158.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The company has a market capitalization of $902.85 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 0.99 and a beta of 1.14.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.12%. This is a boost 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 presently 36.95%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Sanford C. Bernstein increased their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Susquehanna reissued a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Needham & Company LLC raised their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

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.