First American Bank Boosts Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

First American Bank raised its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 210.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,937 shares of the semiconductor company’s stock after acquiring an additional 12,841 shares during the quarter. First American Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $5,289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Albion Financial Group UT lifted its stake in shares of Taiwan Semiconductor Manufacturing by 113.6% in the 3rd quarter. Albion Financial Group UT now owns 2,016 shares of the semiconductor company’s stock worth $563,000 after purchasing an additional 1,072 shares during the period. Pure Financial Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 7.2% during the third quarter. Pure Financial Advisors LLC now owns 5,888 shares of the semiconductor company’s stock valued at $1,644,000 after buying an additional 396 shares during the period. Atlas Brown Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 10.1% during the third quarter. Atlas Brown Inc. now owns 2,461 shares of the semiconductor company’s stock valued at $687,000 after buying an additional 226 shares during the last quarter. Annex Advisory Services LLC raised its position in Taiwan Semiconductor Manufacturing by 1.6% in the third quarter. Annex Advisory Services LLC now owns 56,331 shares of the semiconductor company’s stock worth $15,733,000 after acquiring an additional 868 shares during the period. Finally, Lakeshore Capital Group Inc. raised its position in Taiwan Semiconductor Manufacturing by 2.6% in the third quarter. Lakeshore Capital Group Inc. now owns 10,149 shares of the semiconductor company’s stock worth $2,835,000 after acquiring an additional 257 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 0.7%

NYSE TSM opened at $300.83 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $313.98. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.56 trillion, a PE ratio of 30.85, a P/E/G ratio of 1.04 and a beta of 1.31. The stock’s 50 day moving average is $292.38 and its 200 day moving average is $264.04.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Friday, November 14th. The semiconductor company reported $14.32 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 34.34%. Research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be paid a $0.9678 dividend. This represents a $3.87 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, March 17th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 25.85%.

Analyst Ratings Changes

TSM has been the subject of a number of recent research reports. UBS Group set a $330.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Sunday, December 7th. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Needham & Company LLC restated a “buy” rating and issued a $360.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 27th. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. Finally, Sanford C. Bernstein lifted their price objective on Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the company an “outperform” rating in a research report on Sunday, December 7th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Buy” and an average price target of $355.00.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.