Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 155.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,890 shares of the semiconductor company’s stock after buying an additional 23,076 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $7,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AMF Tjanstepension AB grew its position in shares of Taiwan Semiconductor Manufacturing by 4.8% in the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock valued at $266,300,000 after purchasing an additional 70,057 shares during the period. Creative Planning lifted its stake in Taiwan Semiconductor Manufacturing by 8.1% in the 3rd quarter. Creative Planning now owns 495,686 shares of the semiconductor company’s stock valued at $86,086,000 after buying an additional 37,122 shares in the last quarter. Cornerstone Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 12.9% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 6,824 shares of the semiconductor company’s stock worth $1,185,000 after buying an additional 778 shares during the last quarter. Good Life Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 25.4% during the 3rd quarter. Good Life Advisors LLC now owns 3,786 shares of the semiconductor company’s stock worth $658,000 after buying an additional 766 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 0.6% during the third quarter. Bleakley Financial Group LLC now owns 41,649 shares of the semiconductor company’s stock valued at $7,233,000 after acquiring an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on TSM. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Needham & Company LLC reissued 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, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 1.0 %

NYSE TSM opened at $203.77 on Friday. The business’s fifty day simple moving average is $205.24 and its 200-day simple moving average is $188.67. 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 firm has a market cap of $1.06 trillion, a PE ratio of 28.94, a P/E/G ratio of 0.70 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $122.91 and a 52 week high of $226.40.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a $0.6855 dividend. This represents a $2.74 annualized dividend and a yield of 1.35%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 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.