Icon Wealth Advisors LLC Boosts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Icon Wealth Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 232.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,141 shares of the semiconductor company's stock after buying an additional 7,095 shares during the period. Icon Wealth Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp increased its position in shares of Taiwan Semiconductor Manufacturing by 0.7% during the 3rd quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company's stock valued at $3,176,423,000 after purchasing an additional 122,828 shares during the last quarter. WCM Investment Management LLC raised its position in Taiwan Semiconductor Manufacturing by 14.1% in the third quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company's stock worth $1,733,104,000 after acquiring an additional 1,206,359 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Taiwan Semiconductor Manufacturing by 3.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,873,873 shares of the semiconductor company's stock worth $1,071,242,000 after acquiring an additional 296,892 shares during the last quarter. PineStone Asset Management Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 116.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company's stock worth $1,352,992,000 after purchasing an additional 4,186,133 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 2.9% in the 2nd quarter. American Century Companies Inc. now owns 4,519,925 shares of the semiconductor company's stock worth $785,608,000 after purchasing an additional 128,078 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

TSM has been the subject of several recent research reports. Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday, November 17th. Finally, Needham & Company LLC restated a "buy" rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM traded down $1.16 during trading hours on Friday, hitting $190.08. The company's stock had a trading volume of 8,838,925 shares, compared to its average volume of 13,231,265. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month 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. The business's 50-day moving average price is $187.92 and its 200-day moving average price is $173.68. The stock has a market cap of $985.83 billion, a price-to-earnings ratio of 30.45, a P/E/G ratio of 0.88 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to analysts' expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. 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 business also recently announced 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. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.15%. Taiwan Semiconductor Manufacturing's payout ratio is 31.57%.

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.