Cross Staff Investments Inc Purchases Shares of 1,218 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cross Staff Investments Inc purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,218 shares of the semiconductor company’s stock, valued at approximately $212,000.

Other large investors have also recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $25,000. Olistico Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. NewSquare Capital LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $29,000. First Community Trust NA acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $33,000. Finally, LifeSteps Financial Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at $27,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $156.82 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $193.47. The firm has a market cap of $813.33 billion, a P/E ratio of 29.87, a P/E/G ratio of 0.94 and a beta of 1.14. The company’s 50-day moving average price is $169.79 and its two-hundred day moving average price is $155.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The firm had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. During the same period last year, the firm earned $1.14 EPS. The business’s quarterly revenue was up 34.6% compared to the same quarter last year. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 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, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.24%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 37.52%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TSM shares. Susquehanna reissued a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Needham & Company LLC increased their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, Sanford C. Bernstein raised their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

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.