Client 1ST Advisory Group LLC Has $525,000 Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Client 1ST Advisory Group LLC increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 17.6% in the second quarter, Holdings Channel.com reports. The firm owned 3,018 shares of the semiconductor company’s stock after purchasing an additional 451 shares during the quarter. Client 1ST Advisory Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $525,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BOKF NA boosted its position in Taiwan Semiconductor Manufacturing by 4.8% during the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after acquiring an additional 81 shares during the last quarter. Dodge & Cox bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $6,396,000. Aigen Investment Management LP acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $553,000. Credit Capital Investments LLC lifted its position in Taiwan Semiconductor Manufacturing by 9.4% during the 4th quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock worth $6,032,000 after buying an additional 5,000 shares in the last quarter. Finally, Cetera Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 80.7% during the 1st quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock worth $10,787,000 after buying an additional 35,404 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on TSM shares. Susquehanna reaffirmed a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein increased their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Needham & Company LLC boosted their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, TD Cowen lifted their price objective on shares of 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 research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $171.46 on Friday. The company has a market capitalization of $889.26 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 1.00 and a beta of 1.14. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $193.47. The stock’s 50 day moving average is $168.87 and its 200-day moving average is $156.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.11. The firm had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 EPS. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.14%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.57%.

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.