Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,010 shares of the semiconductor company’s stock after buying an additional 1,524 shares during the quarter. Apollon Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,433,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Keystone Financial Services raised its holdings in shares of Taiwan Semiconductor Manufacturing by 11.6% during the third quarter. Keystone Financial Services now owns 1,403 shares of the semiconductor company’s stock worth $244,000 after purchasing an additional 146 shares during the last quarter. WCM Investment Management LLC grew its position in Taiwan Semiconductor Manufacturing by 14.1% during the 3rd quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company’s stock worth $1,733,104,000 after purchasing an additional 1,206,359 shares during the period. FDx Advisors Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 10.2% during the 3rd quarter. FDx Advisors Inc. now owns 8,756 shares of the semiconductor company’s stock valued at $1,521,000 after buying an additional 814 shares during the last quarter. Coalescence Partners Investment Management LP lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 16.9% in the 3rd quarter. Coalescence Partners Investment Management LP now owns 32,386 shares of the semiconductor company’s stock valued at $5,624,000 after buying an additional 4,683 shares during the period. Finally, Opinicus Capital Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.0% in the third quarter. Opinicus Capital Inc. now owns 16,235 shares of the semiconductor company’s stock worth $2,819,000 after buying an additional 318 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, TD Cowen raised their target price 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Down 2.6 %

Shares of NYSE TSM opened at $186.72 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $95.25 and a 52-week high of $212.60. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.23. The company’s 50-day simple moving average is $184.19 and its 200-day simple moving average is $171.37. The firm has a market cap of $968.41 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 0.91 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 EPS 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 company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 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, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 1.17%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.09%.

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.