Kathmere Capital Management LLC Buys New Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Kathmere Capital Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,441 shares of the semiconductor company’s stock, valued at approximately $273,000.

Other institutional investors have also recently made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $25,000. American National Bank purchased a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $25,000. LFA Lugano Financial Advisors SA purchased a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $28,000. Albion Financial Group UT purchased a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $28,000. Finally, Activest Wealth Management boosted its holdings in Taiwan Semiconductor Manufacturing by 225.0% during the 3rd quarter. Activest Wealth Management now owns 247 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 171 shares during the period.

Shares of NYSE:TSM traded down $0.65 during trading hours on Thursday, reaching $120.71. The stock had a trading volume of 6,984,601 shares, compared to its average volume of 9,791,735. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.92. The firm’s 50 day moving average is $115.58 and its 200-day moving average is $116.57. The stock has a market capitalization of $626.01 billion, a price-to-earnings ratio of 30.64, a P/E/G ratio of 1.77 and a beta of 0.89. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $96.14 and a 1 year high of $142.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 14th. The semiconductor company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.03. The firm had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.89 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.93% and a return on equity of 29.71%. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 4.16 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 14th. Investors of record on Thursday, March 17th will be given a $0.3911 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, March 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 39.34%.

TSM has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Thursday, September 16th. Susquehanna reissued a “hold” rating and issued a $130.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Monday. Susquehanna Bancshares reissued a “hold” rating and issued a $130.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Monday. Finally, Cowen assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 11th. They issued a “market perform” rating and a $120.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $133.01.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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