Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Connable Office Inc.

Connable Office Inc. grew its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,811 shares of the semiconductor company’s stock after purchasing an additional 1,332 shares during the period. Connable Office Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,051,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. King Wealth Management Group raised its holdings in shares of Taiwan Semiconductor Manufacturing by 2.9% in the 3rd quarter. King Wealth Management Group now owns 3,560 shares of the semiconductor company’s stock valued at $618,000 after buying an additional 101 shares during the period. Balboa Wealth Partners grew its position in Taiwan Semiconductor Manufacturing by 2.6% in the 3rd quarter. Balboa Wealth Partners now owns 29,163 shares of the semiconductor company’s stock valued at $5,065,000 after acquiring an additional 729 shares in the last quarter. Impax Asset Management Group plc increased its stake in Taiwan Semiconductor Manufacturing by 33.7% during the third quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock worth $4,588,000 after purchasing an additional 6,664 shares during the period. OneDigital Investment Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 5.5% during the third quarter. OneDigital Investment Advisors LLC now owns 61,701 shares of the semiconductor company’s stock worth $10,716,000 after purchasing an additional 3,198 shares in the last quarter. Finally, ING Groep NV boosted its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% in the third quarter. ING Groep NV now owns 17,685 shares of the semiconductor company’s stock valued at $3,071,000 after purchasing an additional 626 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 1.0 %

Shares of NYSE TSM opened at $188.56 on Friday. The business has a 50-day moving average of $184.70 and a two-hundred day moving average of $171.47. The company has a market capitalization of $977.95 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 0.89 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $95.25 and a 1 year high of $212.60. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30.

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 the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share 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 paid a dividend of $0.5484 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.16%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

Analyst Ratings Changes

Several brokerages recently weighed in on TSM. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. One research 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $209.00.

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.