Ashton Thomas Private Wealth LLC Increases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ashton Thomas Private Wealth LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 223.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,925 shares of the semiconductor company’s stock after purchasing an additional 2,710 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $682,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TSM. ProShare Advisors LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth about $210,000. Kingsview Wealth Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.0% during the first quarter. Kingsview Wealth Management LLC now owns 15,221 shares of the semiconductor company’s stock worth $2,071,000 after purchasing an additional 585 shares during the period. Picton Mahoney Asset Management purchased a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $150,000. Blair William & Co. IL increased its holdings in Taiwan Semiconductor Manufacturing by 5.4% in the 1st quarter. Blair William & Co. IL now owns 64,105 shares of the semiconductor company’s stock worth $8,721,000 after buying an additional 3,262 shares during the period. Finally, Dorsey & Whitney Trust CO LLC raised its position in Taiwan Semiconductor Manufacturing by 6.7% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 7,950 shares of the semiconductor company’s stock worth $1,082,000 after buying an additional 502 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $188.56 on Friday. The stock has a market capitalization of $977.95 billion, a price-to-earnings ratio of 30.27, a PEG ratio of 0.91 and a beta of 1.12. The stock has a 50-day moving average of $184.70 and a 200 day moving average of $171.47. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $95.25 and a twelve month high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion for 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%. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared 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 represents a $2.19 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.09%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TSM. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus price target 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.