CreativeOne Wealth LLC Grows Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

CreativeOne Wealth LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 29.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,323 shares of the semiconductor company’s stock after acquiring an additional 1,198 shares during the quarter. CreativeOne Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Burney Co. purchased a new position in Taiwan Semiconductor Manufacturing during the first quarter worth $228,000. Cetera Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 80.7% during the first quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock valued at $10,787,000 after acquiring an additional 35,404 shares during the last quarter. Old Port Advisors increased its position in Taiwan Semiconductor Manufacturing by 20.3% during the 1st quarter. Old Port Advisors now owns 2,475 shares of the semiconductor company’s stock worth $337,000 after purchasing an additional 417 shares in the last quarter. Confluence Investment Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 1.4% in the 2nd quarter. Confluence Investment Management LLC now owns 10,700 shares of the semiconductor company’s stock valued at $1,860,000 after purchasing an additional 146 shares during the last quarter. Finally, Transcend Capital Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 35.0% in the 2nd quarter. Transcend Capital Advisors LLC now owns 5,360 shares of the semiconductor company’s stock valued at $932,000 after purchasing an additional 1,390 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 2.0 %

Shares of NYSE TSM opened at $184.79 on Friday. The stock has a market capitalization of $958.40 billion, a PE ratio of 29.61, a P/E/G ratio of 0.84 and a beta of 1.12. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $189.16 and a 200-day moving average of $175.02. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $95.25 and a 52-week high of $212.60.

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 the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a $0.5484 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.19%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TSM. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $214.00.

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.