First Affirmative Financial Network Raises Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

First Affirmative Financial Network lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,011 shares of the semiconductor company’s stock after purchasing an additional 498 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 1.0% of First Affirmative Financial Network’s portfolio, making the stock its 14th largest holding. First Affirmative Financial Network’s holdings in Taiwan Semiconductor Manufacturing were worth $1,739,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $25,000. Olistico Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at about $27,000. Valley Wealth Managers Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $27,000. North Star Investment Management Corp. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 670.4% during the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 181 shares during the period. Finally, NewSquare Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $29,000. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $190.63 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.95 and a one year high of $193.47. The company has a 50-day simple moving average of $171.64 and a two-hundred day simple moving average of $162.12. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The firm has a market capitalization of $988.69 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.14.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.4871 dividend. This represents a $1.95 annualized dividend 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 (DPR) is presently 35.24%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TSM shares. TD Cowen increased their price target 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. Needham & Company LLC increased their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Sanford C. Bernstein upped their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Finally, Susquehanna reiterated a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

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.