OneDigital Investment Advisors LLC Has $10.72 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

OneDigital Investment Advisors LLC raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 61,701 shares of the semiconductor company’s stock after purchasing an additional 3,198 shares during the period. OneDigital Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $10,716,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of TSM. Atlantic Edge Private Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter worth about $25,000. Reston Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $25,000. Olistico Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $27,000. Valley Wealth Managers Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. Finally, NewSquare Capital LLC acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $29,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 1.0 %

NYSE:TSM opened at $188.56 on Friday. The company has a market cap of $977.95 billion, a PE ratio of 30.22, a P/E/G ratio of 0.89 and a beta of 1.12. The firm’s 50 day simple moving average is $184.70 and its 200 day simple moving average is $171.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $95.25 and a one year high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion for 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%. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Barclays increased their target price on 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 upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, TD Cowen boosted 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 report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $209.00.

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.