NS Partners Ltd Buys 99 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

NS Partners Ltd lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 54,749 shares of the semiconductor company’s stock after purchasing an additional 99 shares during the period. NS Partners Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $9,508,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ProShare Advisors LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $210,000. Crewe Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing during the 1st quarter worth $100,000. CreativeOne Wealth LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 25.8% during the 1st quarter. CreativeOne Wealth LLC now owns 4,208 shares of the semiconductor company’s stock worth $573,000 after buying an additional 863 shares during the period. Wellington Wealth Strategies LLC. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $337,000. Finally, EP Wealth Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 5.8% during the first quarter. EP Wealth Advisors LLC now owns 14,511 shares of the semiconductor company’s stock worth $1,974,000 after acquiring an additional 794 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $189.72 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60. The firm has a market capitalization of $983.97 billion, a P/E ratio of 30.40, a P/E/G ratio of 0.87 and a beta of 1.12. The firm’s 50-day moving average price is $186.82 and its 200-day moving average price is $173.13. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared 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 represents a $2.19 dividend on an annualized basis and a yield of 1.16%. 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 31.57%.

Analyst Upgrades and Downgrades

Several analysts recently commented on TSM shares. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday. 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.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

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.