Noesis Capital Mangement Corp Purchases 11,320 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Noesis Capital Mangement Corp raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,114 shares of the semiconductor company’s stock after acquiring an additional 11,320 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 4.0% of Noesis Capital Mangement Corp’s holdings, making the stock its 6th largest position. Noesis Capital Mangement Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $20,166,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Atlantic Edge Private Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $25,000. Reston Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $25,000. Olistico Wealth LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $27,000. Valley Wealth Managers Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $27,000. Finally, NewSquare Capital LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $181.19 on Thursday. The company’s fifty day moving average is $188.85 and its two-hundred day moving average is $174.71. 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 debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a market capitalization of $939.73 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 0.85 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders 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 boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.21%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.57%.

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.