Kovack Advisors Inc. Purchases 5,143 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Kovack Advisors Inc. grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 204.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,663 shares of the semiconductor company's stock after purchasing an additional 5,143 shares during the period. Kovack Advisors Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $1,513,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TSM. AMF Tjanstepension AB grew its holdings in Taiwan Semiconductor Manufacturing by 4.8% during the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company's stock valued at $266,300,000 after buying an additional 70,057 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 5.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,817 shares of the semiconductor company's stock valued at $317,000 after acquiring an additional 100 shares during the period. Orrstown Financial Services Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $213,000. abrdn plc increased its holdings in Taiwan Semiconductor Manufacturing by 11.9% during the 3rd quarter. abrdn plc now owns 239,742 shares of the semiconductor company's stock worth $41,589,000 after acquiring an additional 25,576 shares during the period. Finally, Traynor Capital Management Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 11.5% during the 3rd quarter. Traynor Capital Management Inc. now owns 1,514 shares of the semiconductor company's stock worth $263,000 after acquiring an additional 156 shares during the period. Institutional investors own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TSM. Needham & Company LLC restated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM traded down $1.00 during trading hours on Friday, reaching $180.10. 27,831,134 shares of the stock traded hands, compared to its average volume of 17,598,645. The company's 50-day simple moving average is $205.09 and its two-hundred day simple moving average is $191.37. The company has a market capitalization of $934.05 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.52%. Taiwan Semiconductor Manufacturing's payout ratio is currently 31.11%.

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.