Fifth Third Wealth Advisors LLC Acquires 722 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fifth Third Wealth Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,582 shares of the semiconductor company’s stock after purchasing an additional 722 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $969,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Prospera Financial Services Inc lifted its position in shares of Taiwan Semiconductor Manufacturing by 1.4% during the 3rd quarter. Prospera Financial Services Inc now owns 59,915 shares of the semiconductor company’s stock valued at $10,408,000 after buying an additional 801 shares in the last quarter. OneAscent Financial Services LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $681,000. Caprock Group LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 1.7% during the third quarter. Caprock Group LLC now owns 62,676 shares of the semiconductor company’s stock valued at $10,925,000 after purchasing an additional 1,027 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 22.6% in the third quarter. Meeder Advisory Services Inc. now owns 3,981 shares of the semiconductor company’s stock worth $691,000 after purchasing an additional 734 shares during the period. Finally, Drive Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 0.9% in the third quarter. Drive Wealth Management LLC now owns 9,926 shares of the semiconductor company’s stock worth $1,730,000 after purchasing an additional 85 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $189.72 on Wednesday. The company has a market capitalization of $983.97 billion, a P/E ratio of 30.40, a P/E/G ratio of 0.87 and a beta of 1.12. The business’s 50-day moving average is $186.82 and its 200 day moving average is $173.13. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month 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, beating analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This is an increase 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 1.16%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

Analysts Set New Price Targets

TSM has been the subject of several recent analyst reports. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $214.00.

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.