SRS Capital Advisors Inc. Increases Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

SRS Capital Advisors Inc. raised its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 26.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,009 shares of the semiconductor company’s stock after purchasing an additional 1,052 shares during the period. SRS Capital Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $871,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC grew its position in Taiwan Semiconductor Manufacturing by 8.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,704 shares of the semiconductor company’s stock valued at $281,000 after acquiring an additional 201 shares during the last quarter. Lincoln National Corp lifted its stake in Taiwan Semiconductor Manufacturing by 23.3% in the fourth quarter. Lincoln National Corp now owns 8,472 shares of the semiconductor company’s stock worth $881,000 after purchasing an additional 1,599 shares during the last quarter. Montag A & Associates Inc. boosted its position in Taiwan Semiconductor Manufacturing by 966.7% during the fourth quarter. Montag A & Associates Inc. now owns 5,739 shares of the semiconductor company’s stock valued at $597,000 after buying an additional 5,201 shares during the period. Lebenthal Global Advisors LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $594,000. Finally, Warther Private Wealth LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 42.6% in the 4th quarter. Warther Private Wealth LLC now owns 105,252 shares of the semiconductor company’s stock valued at $10,946,000 after acquiring an additional 31,445 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 4.2 %

TSM traded down $6.88 on Friday, hitting $156.82. The company had a trading volume of 14,964,411 shares, compared to its average volume of 12,454,126. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $193.47. The stock has a fifty day simple moving average of $169.79 and a 200-day simple moving average of $155.09. 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 $813.33 billion, a P/E ratio of 29.88, a P/E/G ratio of 0.94 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The business had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. During the same quarter in the prior year, the company earned $1.14 earnings per share. The firm’s quarterly revenue was up 34.6% compared to the same quarter last year. As a group, equities analysts expect 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 disclosed 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. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.24%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.57%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Needham & Company LLC lifted their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Susquehanna reissued a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Finally, Sanford C. Bernstein upped their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.