Barlow Wealth Partners Inc. Has $638,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Barlow Wealth Partners Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 27.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,456 shares of the semiconductor company’s stock after buying an additional 750 shares during the period. Barlow Wealth Partners Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $638,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Howard Financial Services LTD. acquired a new position in Taiwan Semiconductor Manufacturing in the third quarter worth about $535,000. StoneCrest Wealth Management Inc. raised its position in Taiwan Semiconductor Manufacturing by 3.8% in the third quarter. StoneCrest Wealth Management Inc. now owns 3,237 shares of the semiconductor company’s stock worth $562,000 after purchasing an additional 119 shares in the last quarter. Gratus Wealth Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 9.6% in the third quarter. Gratus Wealth Advisors LLC now owns 15,510 shares of the semiconductor company’s stock worth $2,862,000 after purchasing an additional 1,358 shares in the last quarter. Brookstone Capital Management raised its position in Taiwan Semiconductor Manufacturing by 1.8% in the third quarter. Brookstone Capital Management now owns 8,694 shares of the semiconductor company’s stock worth $1,510,000 after purchasing an additional 156 shares in the last quarter. Finally, Trust Co of Kansas acquired a new position in Taiwan Semiconductor Manufacturing in the third quarter worth about $4,648,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock traded down $2.67 during trading hours on Wednesday, hitting $183.38. 3,211,410 shares of the stock were exchanged, compared to its average volume of 15,356,971. 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 stock has a market capitalization of $951.08 billion, a P/E ratio of 35.44, a P/E/G ratio of 1.06 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.95 and a 12 month high of $193.47. The business’s 50-day moving average is $169.84 and its two-hundred day moving average is $161.43.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared 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 is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 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 report 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. 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 research report on Thursday, July 18th. Finally, Needham & Company LLC upped their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. 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, the company has an average rating of “Moderate Buy” and an average price target 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.