Foresight Capital Management Advisors Inc. Invests $2.32 Million in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Foresight Capital Management Advisors Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) in the third quarter, Holdings Channel reports. The firm acquired 8,294 shares of the semiconductor company’s stock, valued at approximately $2,316,000.

Other institutional investors have also recently modified their holdings of the company. Quad Cities Investment Group LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 3.5% in the 3rd quarter. Quad Cities Investment Group LLC now owns 2,528 shares of the semiconductor company’s stock worth $706,000 after purchasing an additional 86 shares during the last quarter. V2 Financial group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $217,000. CWM LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 12.2% during the third quarter. CWM LLC now owns 33,879 shares of the semiconductor company’s stock valued at $9,462,000 after acquiring an additional 3,682 shares in the last quarter. Busey Bank raised its holdings in Taiwan Semiconductor Manufacturing by 8.0% in the 3rd quarter. Busey Bank now owns 3,256 shares of the semiconductor company’s stock worth $909,000 after acquiring an additional 240 shares during the last quarter. Finally, BSW Wealth Partners boosted its stake in Taiwan Semiconductor Manufacturing by 1.8% during the 3rd quarter. BSW Wealth Partners now owns 9,890 shares of the semiconductor company’s stock valued at $2,762,000 after purchasing an additional 173 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TSM shares. Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a report on Friday, October 10th. Sanford C. Bernstein lifted their target price on shares of Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the stock an “outperform” rating in a research report on Sunday, December 7th. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Sunday, December 14th. Needham & Company LLC restated a “buy” rating and issued a $360.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Finally, Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 17th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $355.00.

Taiwan Semiconductor Manufacturing Trading Up 0.4%

Shares of Taiwan Semiconductor Manufacturing stock opened at $298.23 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $313.98. The company’s fifty day simple moving average is $292.18 and its 200-day simple moving average is $262.07. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.69 and a quick ratio of 2.47. The stock has a market capitalization of $1.55 trillion, a PE ratio of 30.59, a P/E/G ratio of 1.02 and a beta of 1.31.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Friday, November 14th. The semiconductor company reported $14.32 EPS for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.9678 per share. This represents a $3.87 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 17th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. Taiwan Semiconductor Manufacturing’s payout ratio is presently 25.85%.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.