Safeguard Financial LLC Takes $268,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Safeguard Financial LLC acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the third quarter, Holdings Channel.com reports. The firm acquired 1,546 shares of the semiconductor company’s stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TSM. Scarborough Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $40,000. Richardson Financial Services Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $35,000. SageView Advisory Group LLC grew its position in Taiwan Semiconductor Manufacturing by 117.7% during the 4th quarter. SageView Advisory Group LLC now owns 6,911 shares of the semiconductor company’s stock worth $719,000 after purchasing an additional 3,737 shares during the last quarter. Leo Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $257,000. Finally, HighPoint Advisor Group LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $1,257,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 1.1 %

Shares of NYSE:TSM opened at $189.22 on Wednesday. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $194.25. The firm’s 50-day simple moving average is $173.17 and its 200-day simple moving average is $163.22. The company has a market cap of $981.37 billion, a price-to-earnings ratio of 33.47, a PEG ratio of 1.09 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $20.33 billion. During the same quarter last year, the business earned $1.14 earnings per share. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed 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. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.03%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 35.24%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Needham & Company LLC raised 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 report on Monday, July 15th. Susquehanna reissued a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Sanford C. Bernstein lifted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Finally, TD Cowen lifted their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

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.