Nadler Financial Group Inc. Raises Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Nadler Financial Group Inc. boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 22.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,823 shares of the semiconductor company’s stock after buying an additional 335 shares during the quarter. Nadler Financial Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $317,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BOKF NA lifted its stake in Taiwan Semiconductor Manufacturing by 4.8% in the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 81 shares in the last quarter. Dodge & Cox purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $6,396,000. Fisher Asset Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after purchasing an additional 442,289 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $553,000. Finally, Credit Capital Investments LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 9.4% during the 4th quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock worth $6,032,000 after purchasing an additional 5,000 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TSM. Sanford C. Bernstein boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Needham & Company LLC boosted their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Finally, Susquehanna reiterated a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Trading Down 1.9 %

TSM traded down $3.31 during trading hours on Tuesday, reaching $172.14. The company’s stock had a trading volume of 13,525,212 shares, compared to its average volume of 19,145,266. The stock has a market cap of $892.79 billion, a PE ratio of 32.79, a P/E/G ratio of 1.02 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two week high of $193.47. The business’s 50-day moving average is $171.44 and its 200-day moving average is $151.43.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 earnings per share. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share 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. Shareholders of record on Thursday, December 12th will be given a $0.4871 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.13%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.57%.

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.