Lyell Wealth Management LP Boosts Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Lyell Wealth Management LP boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.0% during the second quarter, Holdings Channel reports. The firm owned 59,693 shares of the semiconductor company’s stock after buying an additional 2,852 shares during the quarter. Lyell Wealth Management LP’s holdings in Taiwan Semiconductor Manufacturing were worth $10,375,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Johnson Financial Group Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $25,000. LifeSteps Financial Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at $27,000. Olistico Wealth LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. Finally, Valley Wealth Managers Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on TSM shares. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Needham & Company LLC upped their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Sanford C. Bernstein upped their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Susquehanna reiterated a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Finally, TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM opened at $172.50 on Friday. The firm has a market capitalization of $894.66 billion, a PE ratio of 32.86, a P/E/G ratio of 1.00 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The business has a 50-day moving average of $168.64 and a two-hundred day moving average of $156.67. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. The company had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The firm’s revenue was up 34.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 earnings per share. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.13%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 37.71%.

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.