Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 189.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 13,153 shares of the semiconductor company’s stock after buying an additional 8,605 shares during the period. Aaron Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,284,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TSM. NBC Securities Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 8.4% during the 1st quarter. NBC Securities Inc. now owns 4,253 shares of the semiconductor company’s stock valued at $578,000 after purchasing an additional 331 shares in the last quarter. Fulton Bank N.A. boosted its position in shares of Taiwan Semiconductor Manufacturing by 9.8% during the 1st quarter. Fulton Bank N.A. now owns 2,947 shares of the semiconductor company’s stock valued at $401,000 after purchasing an additional 263 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Taiwan Semiconductor Manufacturing by 10.9% during the 1st quarter. Wedmont Private Capital now owns 7,903 shares of the semiconductor company’s stock valued at $1,149,000 after purchasing an additional 779 shares in the last quarter. American National Bank boosted its position in shares of Taiwan Semiconductor Manufacturing by 24.8% during the 1st quarter. American National Bank now owns 1,592 shares of the semiconductor company’s stock valued at $217,000 after purchasing an additional 316 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 4.2% during the 1st quarter. Park Avenue Securities LLC now owns 41,242 shares of the semiconductor company’s stock valued at $5,611,000 after purchasing an additional 1,679 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 1.1 %

Shares of TSM traded down $2.35 during midday trading on Friday, hitting $203.49. The stock had a trading volume of 7,851,809 shares, compared to its average volume of 15,565,708. 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 firm has a market cap of $1.06 trillion, a P/E ratio of 38.76, a price-to-earnings-growth ratio of 1.13 and a beta of 1.14. The business has a 50-day simple moving average of $174.64 and a two-hundred day simple moving average of $163.69. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The firm’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. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 36.95%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TSM. Sanford C. Bernstein raised their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Finally, Susquehanna reiterated a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.