Old North State Trust LLC Purchases 164 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Old North State Trust LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,705 shares of the semiconductor company’s stock after purchasing an additional 164 shares during the period. Old North State Trust LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $817,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 13.2% during the 3rd quarter. Franklin Resources Inc. now owns 6,423,734 shares of the semiconductor company’s stock worth $1,234,706,000 after acquiring an additional 750,515 shares during the last quarter. Peapack Gladstone Financial Corp boosted its position in Taiwan Semiconductor Manufacturing by 5.5% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 23,353 shares of the semiconductor company’s stock valued at $4,055,000 after buying an additional 1,207 shares during the last quarter. Synovus Financial Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 299.8% during the third quarter. Synovus Financial Corp now owns 30,955 shares of the semiconductor company’s stock worth $5,376,000 after acquiring an additional 23,213 shares during the last quarter. Arvest Bank Trust Division bought a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at about $345,000. Finally, World Investment Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing by 4,575.5% during the 3rd quarter. World Investment Advisors LLC now owns 55,638 shares of the semiconductor company’s stock valued at $9,663,000 after purchasing an additional 54,448 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $191.50 on Friday. The firm has a market cap of $993.20 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 0.90 and a beta of 1.09. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $98.80 and a 52-week high of $212.60. The business’s fifty day moving average is $192.64 and its 200 day moving average is $177.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.97 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.15%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

Analyst Ratings Changes

A number of equities analysts have issued reports on TSM shares. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $214.00.

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.