Alliance Wealth Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,032 shares of the semiconductor company’s stock after purchasing an additional 143 shares during the period. Alliance Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $244,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TSM. Armor Investment Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 0.4% during the 2nd quarter. Armor Investment Advisors LLC now owns 32,644 shares of the semiconductor company’s stock worth $3,923,000 after buying an additional 144 shares in the last quarter. Capital Investment Counsel Inc raised its position in Taiwan Semiconductor Manufacturing by 23.9% in the second quarter. Capital Investment Counsel Inc now owns 5,700 shares of the semiconductor company’s stock worth $685,000 after acquiring an additional 1,100 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in Taiwan Semiconductor Manufacturing by 264.9% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 551 shares of the semiconductor company’s stock valued at $66,000 after acquiring an additional 400 shares during the period. First National Bank of Hutchinson boosted its position in shares of Taiwan Semiconductor Manufacturing by 30.3% during the 2nd quarter. First National Bank of Hutchinson now owns 2,557 shares of the semiconductor company’s stock worth $307,000 after purchasing an additional 595 shares in the last quarter. Finally, Great Valley Advisor Group Inc. grew its position in Taiwan Semiconductor Manufacturing by 1.2% during the second quarter. Great Valley Advisor Group Inc. now owns 13,449 shares of the semiconductor company’s stock worth $1,596,000 after buying an additional 158 shares during the period. Hedge funds and other institutional investors own 17.19% of the company’s stock.

NYSE TSM traded down $0.20 during trading hours on Friday, hitting $115.50. 4,563,785 shares of the company’s stock were exchanged, compared to its average volume of 10,539,801. The company has a quick ratio of 1.49, a current ratio of 1.72 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $598.99 billion, a price-to-earnings ratio of 30.72, a P/E/G ratio of 1.81 and a beta of 0.89. The stock has a 50 day simple moving average of $117.80. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $75.98 and a 12-month high of $142.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.93. Taiwan Semiconductor Manufacturing had a net margin of 38.14% and a return on equity of 29.87%. The business had revenue of $372.15 billion for the quarter, compared to analysts’ expectations of $372.58 billion. During the same period last year, the company earned $4.66 earnings per share. The company’s quarterly revenue was up 19.8% on a year-over-year basis. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 13th. Shareholders of record on Friday, December 17th will be issued a $0.4941 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, December 16th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 41.59%.

A number of research firms have commented on TSM. Needham & Company LLC initiated coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 13th. They set a “buy” rating and a $123.05 target price on the stock. Atlantic Securities started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Monday, April 19th. They set a “neutral” rating for the company. Susquehanna raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and upped their price target for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Morgan Stanley cut shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 21st. Finally, Zacks Investment Research cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, July 17th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing presently has a consensus rating of “Hold” and a consensus price target of $127.72.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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