LPL Financial LLC Raises Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

LPL Financial LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 17.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,149,145 shares of the semiconductor company's stock after buying an additional 172,918 shares during the quarter. LPL Financial LLC's holdings in Taiwan Semiconductor Manufacturing were worth $199,572,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $25,000. Reston Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $25,000. Olistico Wealth LLC bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth $27,000. Valley Wealth Managers Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth $27,000. Finally, NewSquare Capital LLC bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth $29,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 0.6 %

Shares of TSM stock traded down $1.22 during trading hours on Friday, reaching $190.02. 8,825,666 shares of the company's stock were exchanged, compared to its average volume of 15,345,130. The stock's fifty day moving average price is $187.92 and its two-hundred day moving average price is $173.68. The stock has a market cap of $985.52 billion, a PE ratio of 30.45, a PEG 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 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 - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS 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 business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a yield of 1.15%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 31.09%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Sunday, November 17th. Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an "overweight" rating in a report on Monday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $214.00.

About Taiwan Semiconductor Manufacturing

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.