Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by MJP Associates Inc. ADV

MJP Associates Inc. ADV grew its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,391 shares of the semiconductor company’s stock after buying an additional 245 shares during the quarter. MJP Associates Inc. ADV’s holdings in Taiwan Semiconductor Manufacturing were worth $589,000 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. Johnson Financial Group Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $25,000. LifeSteps Financial Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the 1st quarter worth $27,000. Olistico Wealth LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $27,000. North Star Investment Management Corp. raised its position in Taiwan Semiconductor Manufacturing by 670.4% in the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 181 shares in the last quarter. Finally, Sachetta LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Susquehanna reissued a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, August 6th. TD Cowen lifted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC upped their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, Sanford C. Bernstein boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock traded up $2.57 on Friday, hitting $167.12. The stock had a trading volume of 20,519,406 shares, compared to its average volume of 16,268,685. The company’s 50 day moving average price is $170.06 and its 200 day moving average price is $149.03. The stock has a market cap of $866.75 billion, a price-to-earnings ratio of 31.83, a P/E/G ratio of 0.92 and a beta of 1.14. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. The business had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. During the same period in the previous year, the company posted $1.14 EPS. The company’s quarterly revenue was up 34.6% on a year-over-year basis. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 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.