Naviter Wealth LLC Has $13.45 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Naviter Wealth LLC lessened its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,165 shares of the semiconductor company’s stock after selling 3,007 shares during the period. Taiwan Semiconductor Manufacturing comprises 1.9% of Naviter Wealth LLC’s portfolio, making the stock its 10th largest position. Naviter Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $13,449,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TSM. Atlantic Edge Private Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth about $25,000. Olistico Wealth LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $27,000. Valley Wealth Managers Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $27,000. North Star Investment Management Corp. boosted its position in Taiwan Semiconductor Manufacturing by 670.4% during 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 during the period. Finally, NewSquare Capital LLC bought a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM traded up $19.73 on Thursday, reaching $207.21. The company had a trading volume of 10,645,164 shares, compared to its average volume of 15,347,223. The company has a market capitalization of $1.07 trillion, a P/E ratio of 39.47, a PEG ratio of 1.13 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. The company has a fifty day moving average of $173.82 and a 200-day moving average of $163.39. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.95 and a one year high of $207.80.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $20.33 billion. During the same period last year, the firm posted $1.14 earnings per share. The business’s revenue was up 34.6% on a year-over-year basis. As a group, equities research analysts anticipate 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. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 36.95%.

Analysts Set New Price Targets

TSM has been the subject of several analyst reports. TD Cowen boosted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Susquehanna reissued a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Finally, Sanford C. Bernstein boosted their price objective 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.