Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Silverlake Wealth Management LLC

Silverlake Wealth Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,457 shares of the semiconductor company’s stock after acquiring an additional 79 shares during the quarter. Silverlake Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Atwater Malick LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 5.6% during the 3rd quarter. Atwater Malick LLC now owns 2,047 shares of the semiconductor company’s stock valued at $356,000 after acquiring an additional 108 shares during the last quarter. Perfromance Wealth Partners LLC lifted its position in Taiwan Semiconductor Manufacturing by 12.6% in the third quarter. Perfromance Wealth Partners LLC now owns 1,308 shares of the semiconductor company’s stock valued at $227,000 after buying an additional 146 shares during the last quarter. Bennett Selby Investments LP lifted its position in Taiwan Semiconductor Manufacturing by 11.4% in the third quarter. Bennett Selby Investments LP now owns 1,340 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 137 shares during the last quarter. First Affirmative Financial Network lifted its position in Taiwan Semiconductor Manufacturing by 5.2% in the third quarter. First Affirmative Financial Network now owns 10,011 shares of the semiconductor company’s stock valued at $1,739,000 after buying an additional 498 shares during the last quarter. Finally, Lion Street Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing by 16.1% in the third quarter. Lion Street Advisors LLC now owns 2,610 shares of the semiconductor company’s stock valued at $453,000 after buying an additional 361 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 2.7 %

TSM stock opened at $190.81 on Friday. The company’s 50 day moving average price is $171.64 and its 200 day moving average price is $162.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $193.47. The firm has a market capitalization of $989.62 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 1.09 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The firm had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was up 34.6% compared to the same quarter last year. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.02%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 35.24%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TSM shares. Needham & Company LLC upped their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Susquehanna reiterated a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Finally, Sanford C. Bernstein boosted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $200.00.

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.