28,084 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Bought by Nwam LLC

Nwam LLC acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 28,084 shares of the semiconductor company’s stock, valued at approximately $4,877,000.

Other institutional investors have also recently made changes to their positions in the company. Meridian Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $4,657,000. Icon Wealth Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 232.9% in the third quarter. Icon Wealth Advisors LLC now owns 10,141 shares of the semiconductor company’s stock valued at $1,761,000 after acquiring an additional 7,095 shares during the period. GM Advisory Group LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 2.0% in the third quarter. GM Advisory Group LLC now owns 10,455 shares of the semiconductor company’s stock worth $1,816,000 after purchasing an additional 208 shares during the period. Raymond James Trust N.A. boosted its position in shares of Taiwan Semiconductor Manufacturing by 14.8% during the 3rd quarter. Raymond James Trust N.A. now owns 34,595 shares of the semiconductor company’s stock valued at $6,008,000 after acquiring an additional 4,470 shares during the last quarter. Finally, AlphaCore Capital LLC grew its stake in Taiwan Semiconductor Manufacturing by 16.1% in the 3rd quarter. AlphaCore Capital LLC now owns 13,476 shares of the semiconductor company’s stock worth $2,349,000 after buying an additional 1,871 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $191.71 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a market cap of $994.29 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 0.87 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $95.25 and a fifty-two week high of $212.60. The firm has a fifty day moving average price of $187.57 and a 200 day moving average price of $173.35.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders 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 yield of 1.14%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.09%.

Wall Street Analyst Weigh In

TSM has been the topic of a number of recent research reports. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Company 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.