LVW Advisors LLC Raises Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

LVW Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,398 shares of the semiconductor company’s stock after buying an additional 309 shares during the period. LVW Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,632,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Clarius Group LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 4.5% in the third quarter. Clarius Group LLC now owns 4,051 shares of the semiconductor company’s stock valued at $704,000 after buying an additional 175 shares during the last quarter. Rappaport Reiches Capital Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 6.2% in the third quarter. Rappaport Reiches Capital Management LLC now owns 1,499 shares of the semiconductor company’s stock valued at $260,000 after buying an additional 87 shares during the last quarter. Private Advisory Group LLC increased its position in Taiwan Semiconductor Manufacturing by 2.6% during the third quarter. Private Advisory Group LLC now owns 49,030 shares of the semiconductor company’s stock worth $8,515,000 after purchasing an additional 1,258 shares during the last quarter. Quotient Wealth Partners LLC increased its position in Taiwan Semiconductor Manufacturing by 9.1% during the third quarter. Quotient Wealth Partners LLC now owns 1,564 shares of the semiconductor company’s stock worth $272,000 after purchasing an additional 131 shares during the last quarter. Finally, Modus Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing during the third quarter worth approximately $589,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

TSM has been the subject of several research analyst reports. Needham & Company LLC upped their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Sanford C. Bernstein boosted their price objective 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 reiterated a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Finally, TD Cowen boosted 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. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Trading Up 2.0 %

TSM traded up $3.68 during trading on Friday, hitting $189.46. 6,428,217 shares of the company’s stock were exchanged, compared to its average volume of 15,310,634. The firm has a market cap of $982.62 billion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 1.10 and a beta of 1.14. The stock has a 50 day moving average price of $170.82 and a 200 day moving average price of $161.77. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.95 and a 1 year high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 34.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 earnings per share. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders 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 annualized dividend and a dividend yield of 1.03%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 35.24%.

Taiwan Semiconductor Manufacturing Company 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.