Lynx Investment Advisory Invests $144,000 in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Lynx Investment Advisory purchased a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the second quarter, HoldingsChannel reports. The firm purchased 827 shares of the semiconductor company’s stock, valued at approximately $144,000.

A number of other institutional investors also recently made changes to their positions in TSM. Breakwater Capital Group acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $247,000. Arizona State Retirement System bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $1,304,000. Asset Management One Co. Ltd. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 21.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 176,146 shares of the semiconductor company’s stock worth $18,442,000 after purchasing an additional 30,955 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 5,620.4% in the 4th quarter. International Assets Investment Management LLC now owns 213,942 shares of the semiconductor company’s stock worth $22,250,000 after purchasing an additional 210,202 shares in the last quarter. Finally, Sowell Financial Services LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.5% in the 4th quarter. Sowell Financial Services LLC now owns 13,488 shares of the semiconductor company’s stock worth $1,409,000 after purchasing an additional 198 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TSM has been the topic of a number of research reports. Needham & Company LLC boosted their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Sanford C. Bernstein boosted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Finally, TD Cowen upped their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Trading Up 5.0 %

Shares of NYSE:TSM traded up $7.33 during mid-day trading on Tuesday, hitting $155.28. The stock had a trading volume of 24,461,502 shares, compared to its average volume of 16,184,569. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The company has a market cap of $805.35 billion, a PE ratio of 29.54, a P/E/G ratio of 0.89 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47. The company’s 50 day moving average is $169.57 and its 200-day moving average is $147.73.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping 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 25.89%. The company had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The company’s revenue was up 34.6% compared to the same quarter last year. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a $0.4865 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.25%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.57%.

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.