Atria Investments Inc Raises Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Atria Investments Inc increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.9% during the third quarter, HoldingsChannel.com reports. The firm owned 144,347 shares of the semiconductor company’s stock after buying an additional 5,420 shares during the period. Atria Investments Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $25,069,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $25,000. Reston Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $25,000. Olistico Wealth LLC bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $27,000. Valley Wealth Managers Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $27,000. Finally, NewSquare Capital LLC bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $29,000. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 0.0 %

Shares of TSM stock opened at $201.20 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $91.60 and a 1-year high of $212.60. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30. The business has a 50-day moving average of $183.11 and a 200 day moving average of $170.07. The stock has a market capitalization of $1.04 trillion, a PE ratio of 32.24, a P/E/G ratio of 0.97 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 0.97%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TSM shares. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday. TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.

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.