Empower Advisory Group LLC Buys 79 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Empower Advisory Group LLC lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.7% in the third quarter, Holdings Channel.com reports. The firm owned 4,646 shares of the semiconductor company’s stock after buying an additional 79 shares during the period. Empower Advisory Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $807,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 116.0% in the third quarter. Victory Capital Management Inc. now owns 104,657 shares of the semiconductor company’s stock worth $18,176,000 after purchasing an additional 56,211 shares during the last quarter. Aptus Capital Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 101.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 4,506 shares of the semiconductor company’s stock worth $783,000 after acquiring an additional 2,273 shares in the last quarter. First Heartland Consultants Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at about $206,000. Cumberland Partners Ltd grew its holdings in Taiwan Semiconductor Manufacturing by 3.7% in the third quarter. Cumberland Partners Ltd now owns 48,892 shares of the semiconductor company’s stock worth $8,491,000 after purchasing an additional 1,740 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth $1,545,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TSM. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $209.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $188.56 on Friday. The stock has a market capitalization of $977.95 billion, a P/E ratio of 30.22, a P/E/G ratio of 0.89 and a beta of 1.12. The company’s fifty day moving average price is $184.70 and its 200 day moving average price is $171.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $95.25 and a 1 year high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. As a group, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.16%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

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.