Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Carl P. Sherr & Co. LLC

Carl P. Sherr & Co. LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 47.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,455 shares of the semiconductor company’s stock after acquiring an additional 785 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $25,000. Reston Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth about $25,000. Olistico Wealth LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth about $27,000. Valley Wealth Managers Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth about $27,000. Finally, NewSquare Capital LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth about $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $181.19 on Friday. The company has a market capitalization of $939.73 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 0.84 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $95.25 and a 52-week high of $212.60. The stock has a 50 day moving average price of $188.95 and a 200 day moving average price of $174.75. 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 (NYSE:TSM) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a $0.5484 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.21%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.57%.

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.