Beaird Harris Wealth Management LLC Purchases 1,328 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Beaird Harris Wealth Management LLC boosted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 86.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,871 shares of the semiconductor company’s stock after buying an additional 1,328 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $499,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSM. HF Advisory Group LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 55.5% during the third quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock worth $2,389,000 after buying an additional 4,907 shares during the last quarter. Impax Asset Management Group plc raised its position in shares of Taiwan Semiconductor Manufacturing by 33.7% during the 3rd quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock valued at $4,588,000 after acquiring an additional 6,664 shares during the last quarter. Advisor Resource Council acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $613,000. Callahan Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 67.1% in the 3rd quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company’s stock worth $1,452,000 after purchasing an additional 3,358 shares during the last quarter. Finally, Holocene Advisors LP grew its stake in shares of Taiwan Semiconductor Manufacturing by 54.4% during the third quarter. Holocene Advisors LP now owns 647,304 shares of the semiconductor company’s stock worth $112,417,000 after purchasing an additional 228,155 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TSM shares. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $191.50 on Friday. The company has a fifty day moving average price of $192.64 and a 200 day moving average price of $177.70. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $98.80 and a 1-year high of $212.60. The firm has a market cap of $993.20 billion, a PE ratio of 30.69, a PEG ratio of 0.90 and a beta of 1.09. 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 posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share 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 company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.97 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.15%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 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.