Tilia Fiduciary Partners Inc. Raises Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Tilia Fiduciary Partners Inc. increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,536 shares of the semiconductor company’s stock after purchasing an additional 127 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSM. Atlantic Edge Private Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $25,000. Olistico Wealth LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $27,000. Valley Wealth Managers Inc. bought a new position in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $27,000. North Star Investment Management Corp. raised its position in Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 181 shares during the period. Finally, NewSquare Capital LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $29,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

TSM has been the topic of several recent analyst reports. Needham & Company LLC raised their price objective on shares of 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 lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. 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 lifted 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. One 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Down 0.6 %

Shares of NYSE:TSM traded down $1.12 during trading hours on Wednesday, hitting $184.93. The company’s stock had a trading volume of 4,987,844 shares, compared to its average volume of 15,362,406. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.95 and a 52 week high of $193.47. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The company has a market capitalization of $959.12 billion, a price-to-earnings ratio of 35.44, a P/E/G ratio of 1.06 and a beta of 1.14. The firm’s fifty day moving average price is $169.84 and its 200 day moving average price is $161.43.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data 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 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%. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.14 EPS. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a yield of 1.05%. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 36.95%.

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.