Carl P. Sherr & Co. LLC Acquires 785 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Carl P. Sherr & Co. LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 47.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,455 shares of the semiconductor company’s stock after purchasing an additional 785 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. FWG Holdings LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.6% in the third quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock valued at $539,000 after acquiring an additional 50 shares during the period. Defender Capital LLC. raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% in the third quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock valued at $272,000 after acquiring an additional 56 shares during the period. Hardy Reed LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.2% in the third quarter. Hardy Reed LLC now owns 4,635 shares of the semiconductor company’s stock valued at $805,000 after acquiring an additional 56 shares during the period. Seed Wealth Management Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.3% in the second quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after acquiring an additional 57 shares during the period. Finally, Keudell Morrison Wealth Management increased its stake in Taiwan Semiconductor Manufacturing by 1.5% in the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock worth $700,000 after buying an additional 59 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 1.4 %

TSM stock opened at $181.19 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $95.25 and a 52 week high of $212.60. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $939.73 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 0.84 and a beta of 1.12. The firm has a 50 day moving average of $188.95 and a 200 day moving average of $174.75.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 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 $0.5484 dividend. This represents a $2.19 annualized dividend and a yield of 1.21%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TSM shares. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

About Taiwan Semiconductor Manufacturing

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.