Summit Trail Advisors LLC Boosts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Summit Trail Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 51.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,839 shares of the semiconductor company’s stock after purchasing an additional 1,311 shares during the period. Summit Trail Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $669,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. ProShare Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $210,000. BOKF NA raised its position in shares of Taiwan Semiconductor Manufacturing by 4.8% during the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 81 shares during the period. Waverly Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 21.7% during the 1st quarter. Waverly Advisors LLC now owns 8,161 shares of the semiconductor company’s stock valued at $1,110,000 after purchasing an additional 1,456 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 23,643 shares of the semiconductor company’s stock valued at $3,217,000 after buying an additional 869 shares in the last quarter. Finally, Creekmur Asset Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 88.6% in the 1st quarter. Creekmur Asset Management LLC now owns 249 shares of the semiconductor company’s stock worth $34,000 after buying an additional 117 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $184.99 on Tuesday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $95.25 and a twelve month high of $212.60. The company’s 50-day moving average price is $188.24 and its 200-day moving average price is $174.42. The company has a market cap of $959.43 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 0.88 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 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, April 10th. Stockholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.19%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

Wall Street Analysts Forecast Growth

TSM has been the topic of several research analyst reports. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $214.00.

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.