FRG Family Wealth Advisors LLC Purchases 920 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

FRG Family Wealth Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 197.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,385 shares of the semiconductor company’s stock after acquiring an additional 920 shares during the period. FRG Family Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $241,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TSM. Atlantic Edge Private Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $25,000. Olistico Wealth LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $27,000. NewSquare Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $29,000. First Community Trust NA purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $33,000. Finally, LifeSteps Financial Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $27,000. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TSM. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein lifted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Needham & Company LLC upped their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Susquehanna reaffirmed a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Trading Up 3.9 %

NYSE TSM opened at $162.86 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $193.47. The company’s 50-day moving average price is $169.60 and its 200-day moving average price is $155.74. The stock has a market cap of $844.66 billion, a PE ratio of 31.02, a PEG ratio of 0.92 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.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The business had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.4871 dividend. This represents a $1.95 annualized dividend and a dividend yield of 1.20%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.57%.

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.