Bernardo Wealth Planning LLC Acquires 102 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bernardo Wealth Planning LLC lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,978 shares of the semiconductor company’s stock after purchasing an additional 102 shares during the quarter. Bernardo Wealth Planning LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $344,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Capital World Investors raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.7% during the first quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock worth $5,722,410,000 after buying an additional 704,804 shares during the last quarter. Capital International Investors increased its holdings in Taiwan Semiconductor Manufacturing by 40.2% during the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock worth $2,679,602,000 after purchasing an additional 5,643,949 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% in the second quarter. Van ECK Associates Corp now owns 18,167,165 shares of the semiconductor company’s stock valued at $3,157,635,000 after purchasing an additional 750,971 shares during the last quarter. GQG Partners LLC grew its stake in Taiwan Semiconductor Manufacturing by 25.1% in the first quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company’s stock valued at $1,161,633,000 after purchasing an additional 1,710,673 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Taiwan Semiconductor Manufacturing by 3.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,873,873 shares of the semiconductor company’s stock valued at $1,071,242,000 after purchasing an additional 296,892 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 2.5 %

TSM stock opened at $200.78 on Friday. The stock has a 50-day simple moving average of $175.31 and a two-hundred day simple moving average of $164.27. The firm has a market capitalization of $1.04 trillion, a PE ratio of 38.24, a PEG ratio of 1.13 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.95 and a twelve month high of $212.60. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The firm’s revenue was up 34.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 EPS. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a dividend yield of 0.97%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 36.95%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TSM. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. Finally, TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

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.