Stiles Financial Services Inc Buys New Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Stiles Financial Services Inc acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,101 shares of the semiconductor company’s stock, valued at approximately $217,000.

Other large investors have also modified their holdings of the company. AMF Tjanstepension AB boosted its position in Taiwan Semiconductor Manufacturing by 4.8% during the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after purchasing an additional 70,057 shares in the last quarter. CWM LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 7.6% during the 3rd quarter. CWM LLC now owns 29,651 shares of the semiconductor company’s stock worth $5,149,000 after buying an additional 2,097 shares during the period. Perfromance Wealth Partners LLC grew its stake in Taiwan Semiconductor Manufacturing by 12.6% in the 3rd quarter. Perfromance Wealth Partners LLC now owns 1,308 shares of the semiconductor company’s stock valued at $227,000 after acquiring an additional 146 shares during the period. Silverlake Wealth Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 3.3% in the 3rd quarter. Silverlake Wealth Management LLC now owns 2,457 shares of the semiconductor company’s stock worth $427,000 after acquiring an additional 79 shares in the last quarter. Finally, Westend Capital Management LLC raised its position in Taiwan Semiconductor Manufacturing by 0.7% during the third quarter. Westend Capital Management LLC now owns 39,112 shares of the semiconductor company’s stock worth $6,793,000 after acquiring an additional 267 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Finally, Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $206.25 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $122.91 and a 1 year high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a market capitalization of $1.07 trillion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The business has a 50 day simple moving average of $204.71 and a 200-day simple moving average of $187.59.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.06%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 27.27%.

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.