L & S Advisors Inc Has $7.11 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

L & S Advisors Inc decreased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 18.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,917 shares of the semiconductor company's stock after selling 9,227 shares during the period. L & S Advisors Inc's holdings in Taiwan Semiconductor Manufacturing were worth $7,106,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TSM. FWG Holdings LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.6% in the 3rd quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company's stock valued at $539,000 after purchasing an additional 50 shares in the last quarter. Defender Capital LLC. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% in the 3rd quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company's stock valued at $272,000 after purchasing an additional 56 shares in the last quarter. Seed Wealth Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.3% in the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company's stock valued at $792,000 after purchasing an additional 57 shares in the last quarter. Keudell Morrison Wealth Management boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.5% in the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company's stock valued at $700,000 after purchasing an additional 59 shares in the last quarter. Finally, Heron Bay Capital Management boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.0% in the 2nd quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company's stock valued at $992,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Up 1.2 %

Shares of Taiwan Semiconductor Manufacturing stock traded up $2.29 during trading on Thursday, hitting $190.65. 16,031,684 shares of the company were exchanged, compared to its average volume of 15,373,917. The firm has a market capitalization of $988.79 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 0.87 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60. The firm's fifty day moving average price is $187.57 and its 200 day moving average price is $173.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its 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 company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 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. Investors of record on Tuesday, March 18th will be given a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.15%. Taiwan Semiconductor Manufacturing's payout ratio is currently 31.57%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TSM. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an "overweight" rating in a report on Monday. Susquehanna reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday. Finally, Needham & Company LLC reissued a "buy" rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's 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 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.