Capital Advisors Inc. OK Purchases New Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Capital Advisors Inc. OK acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 211,281 shares of the semiconductor company’s stock, valued at approximately $17,272,000.

Other hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $26,000. Raleigh Capital Management Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth about $26,000. Rather & Kittrell Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $37,000. SJS Investment Consulting Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 101.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 387 shares of the semiconductor company’s stock worth $40,000 after buying an additional 195 shares during the period. Finally, Herold Advisors Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth about $42,000. 16.86% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded down $1.76 during midday trading on Friday, hitting $73.87. 800,432 shares of the company traded hands, compared to its average volume of 9,051,706. The company has a quick ratio of 2.00, a current ratio of 2.25 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $383.12 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 0.51 and a beta of 0.99. The company’s 50-day moving average is $84.54 and its 200 day moving average is $90.46. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $73.74 and a 52 week high of $145.00.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last posted its earnings results on Thursday, July 14th. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.05. The business had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.68 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.53% and a return on equity of 33.56%. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.21 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders of record on Friday, December 16th will be paid a dividend of $0.458 per share. This represents a $1.83 annualized dividend and a yield of 2.48%. The ex-dividend date is Thursday, December 15th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 27.22%.

Wall Street Analyst Weigh In

TSM has been the topic of a number of recent research reports. Susquehanna Bancshares reduced their target price on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Loop Capital assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 21st. They set a “buy” rating on the stock. Susquehanna cut their price objective on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Finally, Cowen set a $100.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 19th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $120.14.

About Taiwan Semiconductor Manufacturing

(Get Rating)

Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

Featured Articles

Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.