Janney Montgomery Scott LLC Purchases 6,722 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Janney Montgomery Scott LLC raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 332,198 shares of the semiconductor company’s stock after acquiring an additional 6,722 shares during the period. Janney Montgomery Scott LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $65,606,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of TSM. ProShare Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 25.2% in the 2nd quarter. ProShare Advisors LLC now owns 1,935 shares of the semiconductor company’s stock valued at $336,000 after acquiring an additional 390 shares in the last quarter. Xponance Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 12.3% in the 2nd quarter. Xponance Inc. now owns 5,209 shares of the semiconductor company’s stock valued at $905,000 after acquiring an additional 572 shares in the last quarter. Bwcp LP lifted its stake in Taiwan Semiconductor Manufacturing by 48.0% in the 2nd quarter. Bwcp LP now owns 139,501 shares of the semiconductor company’s stock valued at $24,247,000 after acquiring an additional 45,241 shares in the last quarter. Insigneo Advisory Services LLC lifted its stake in Taiwan Semiconductor Manufacturing by 27.3% in the 2nd quarter. Insigneo Advisory Services LLC now owns 10,435 shares of the semiconductor company’s stock valued at $1,814,000 after acquiring an additional 2,236 shares in the last quarter. Finally, Fred Alger Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.2% during the 2nd quarter. Fred Alger Management LLC now owns 1,905,729 shares of the semiconductor company’s stock worth $331,235,000 after purchasing an additional 22,743 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 2.1 %

TSM stock opened at $223.33 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.16 trillion, a PE ratio of 31.72, a PEG ratio of 0.72 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $112.61 and a 1-year high of $225.43. The business’s 50 day simple moving average is $198.90 and its 200 day simple moving average is $184.97.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 0.98%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.27%.

Analyst Ratings Changes

TSM has been the topic of a number of analyst reports. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $220.00.

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.