Larson Financial Group LLC Grows Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Larson Financial Group LLC lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 153.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,035 shares of the semiconductor company’s stock after acquiring an additional 1,232 shares during the period. Larson Financial Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $353,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. BOKF NA increased its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% in the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after acquiring an additional 81 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 23,643 shares of the semiconductor company’s stock valued at $3,217,000 after purchasing an additional 869 shares in the last quarter. Creekmur Asset Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 88.6% during the first quarter. Creekmur Asset Management LLC now owns 249 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 117 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $205,000. Finally, XML Financial LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 6.6% in the 1st quarter. XML Financial LLC now owns 2,422 shares of the semiconductor company’s stock worth $330,000 after purchasing an additional 151 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $183.80 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $95.25 and a one year high of $212.60. The stock has a 50-day moving average of $188.57 and a 200 day moving average of $174.66. 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 company has a market capitalization of $953.26 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 0.88 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping 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, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.19%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.09%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Barclays increased their price objective 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, November 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.