Soltis Investment Advisors LLC Acquires 14,893 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Soltis Investment Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 673.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,105 shares of the semiconductor company’s stock after purchasing an additional 14,893 shares during the period. Soltis Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,971,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have 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 approximately $25,000. Reston Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $27,000. NewSquare Capital LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $29,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $32,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $191.98 on Wednesday. The firm has a 50 day simple moving average of $191.62 and a 200 day simple moving average of $177.26. The company has a market cap of $995.69 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 0.94 and a beta of 1.09. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $98.80 and a one year high of $212.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

Wall Street Analyst Weigh In

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

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.