ROI Financial Advisors LLC Grows Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

ROI Financial Advisors LLC increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,500 shares of the semiconductor company’s stock after acquiring an additional 440 shares during the period. Taiwan Semiconductor Manufacturing comprises about 2.7% of ROI Financial Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. ROI Financial Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,908,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TSM. Atlantic Edge Private Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth about $25,000. Reston Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $25,000. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $27,000. Valley Wealth Managers Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $27,000. Finally, NewSquare Capital LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 2.6 %

NYSE:TSM opened at $186.72 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a market cap of $968.41 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 0.91 and a beta of 1.12. The company has a 50-day moving average of $184.19 and a 200 day moving average of $171.37. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 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, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.17%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.09%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.

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.