Balboa Wealth Partners Buys 729 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Balboa Wealth Partners lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,163 shares of the semiconductor company’s stock after acquiring an additional 729 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 1.3% of Balboa Wealth Partners’ holdings, making the stock its 14th biggest holding. Balboa Wealth Partners’ holdings in Taiwan Semiconductor Manufacturing were worth $5,065,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth $210,000. Kingsview Wealth Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.0% in the 1st quarter. Kingsview Wealth Management LLC now owns 15,221 shares of the semiconductor company’s stock worth $2,071,000 after acquiring an additional 585 shares during the period. Picton Mahoney Asset Management bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $150,000. Blair William & Co. IL boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 5.4% in the first quarter. Blair William & Co. IL now owns 64,105 shares of the semiconductor company’s stock worth $8,721,000 after buying an additional 3,262 shares during the period. Finally, Dorsey & Whitney Trust CO LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 6.7% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 7,950 shares of the semiconductor company’s stock worth $1,082,000 after purchasing an additional 502 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TSM shares. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Up 1.0 %

Shares of TSM stock opened at $188.56 on Friday. The company has a 50 day simple moving average of $184.70 and a two-hundred day simple moving average of $171.47. The stock has a market cap of $977.95 billion, a P/E ratio of 30.22, a P/E/G ratio of 0.89 and a beta of 1.12. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued 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. The business had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.30%. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 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, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is a positive change 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 1.16%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

Taiwan Semiconductor Manufacturing Company 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.