Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC raised its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,645 shares of the semiconductor company’s stock after buying an additional 67 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.6% of Oliver Luxxe Assets LLC’s portfolio, making the stock its 5th largest position. Oliver Luxxe Assets LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $9,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of TSM. Reston Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $25,000. Valley Wealth Managers Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $27,000. Fairscale Capital LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $32,000. Sugarloaf Wealth Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 77.1% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 81 shares in the last quarter. Finally, Archer Investment Corp raised its holdings in Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after buying an additional 62 shares during the period. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 5.6 %

Shares of Taiwan Semiconductor Manufacturing stock traded up $11.59 during trading hours on Monday, reaching $220.20. 20,736,668 shares of the company’s stock were exchanged, compared to its average volume of 13,728,652. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $195.25 and a two-hundred day moving average of $182.03. The stock has a market cap of $1.14 trillion, a P/E ratio of 35.29, a P/E/G ratio of 0.93 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $99.98 and a fifty-two week high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating 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 firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. On average, sell-side 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 declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders 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 dividend on an annualized basis and a yield of 1.00%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 35.10%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.