Westend Capital Management LLC Buys 267 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Westend Capital Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 39,112 shares of the semiconductor company’s stock after acquiring an additional 267 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 2.3% of Westend Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding. Westend Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $6,793,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $25,000. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $27,000. Valley Wealth Managers Inc. bought a new position in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $27,000. North Star Investment Management Corp. lifted its holdings in Taiwan Semiconductor Manufacturing by 670.4% during the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after buying an additional 181 shares during the period. Finally, NewSquare Capital LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $190.81 on Friday. The firm has a market capitalization of $989.62 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 1.09 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The stock’s 50-day simple moving average is $171.64 and its 200-day simple moving average is $162.29. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (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 25.54%. The business had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. During the same quarter in the prior year, the business posted $1.14 EPS. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 34.6% compared to the same quarter last year. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal 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. This represents a $1.95 annualized dividend and a yield of 1.02%. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is presently 35.24%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Sanford C. Bernstein boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. TD Cowen increased their price target 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. Needham & Company LLC lifted their price objective on shares of 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, Susquehanna reissued a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

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.