Prospera Private Wealth LLC Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Prospera Private Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,696 shares of the semiconductor company’s stock, valued at approximately $295,000.

Several other hedge funds also recently modified their holdings of the business. ProShare Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing in the first quarter worth $210,000. Crewe Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at $100,000. CreativeOne Wealth LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 25.8% in the first quarter. CreativeOne Wealth LLC now owns 4,208 shares of the semiconductor company’s stock valued at $573,000 after buying an additional 863 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 5.8% in the first quarter. EP Wealth Advisors LLC now owns 14,511 shares of the semiconductor company’s stock valued at $1,974,000 after acquiring an additional 794 shares during the last quarter. Finally, Axxcess Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the first quarter valued at about $976,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $188.41 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $95.25 and a 1 year high of $212.60. The stock has a market cap of $977.17 billion, a P/E ratio of 30.19, a price-to-earnings-growth ratio of 0.87 and a beta of 1.12. The stock’s 50-day moving average price is $187.19 and its two-hundred day moving average price is $173.23.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The business had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $22.72 billion. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

Analyst Ratings Changes

Several equities analysts recently issued reports on TSM shares. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.00.

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.