Lyell Wealth Management LP Boosts Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Lyell Wealth Management LP increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,693 shares of the semiconductor company’s stock after purchasing an additional 2,852 shares during the quarter. Lyell Wealth Management LP’s holdings in Taiwan Semiconductor Manufacturing were worth $10,375,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Boston Partners acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $1,902,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $3,504,000. Panagora Asset Management Inc. increased its position in Taiwan Semiconductor Manufacturing by 2.5% during the fourth quarter. Panagora Asset Management Inc. now owns 16,500 shares of the semiconductor company’s stock worth $1,716,000 after buying an additional 405 shares during the period. Financial Advocates Investment Management increased its position in Taiwan Semiconductor Manufacturing by 6.1% during the fourth quarter. Financial Advocates Investment Management now owns 7,318 shares of the semiconductor company’s stock worth $761,000 after buying an additional 423 shares during the period. Finally, AMG National Trust Bank increased its position in Taiwan Semiconductor Manufacturing by 0.7% during the fourth quarter. AMG National Trust Bank now owns 25,987 shares of the semiconductor company’s stock worth $2,703,000 after buying an additional 180 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 0.6 %

Taiwan Semiconductor Manufacturing stock opened at $172.50 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.01 and a 1-year high of $193.47. The company has a market cap of $894.66 billion, a PE ratio of 32.86, a price-to-earnings-growth ratio of 1.00 and a beta of 1.14. The stock’s 50 day moving average price is $168.64 and its 200 day moving average price is $156.67.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results 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 return on equity of 25.54% and a net margin of 37.85%. The firm had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. During the same period in the previous year, the business earned $1.14 earnings per share. The company’s revenue for the quarter 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 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.13%. Taiwan Semiconductor Manufacturing’s payout ratio is 37.71%.

Analysts Set New Price Targets

TSM has been the topic of several research analyst reports. TD Cowen lifted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Susquehanna reissued a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Sanford C. Bernstein boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Finally, Needham & Company LLC boosted their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus 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.