EverSource Wealth Advisors LLC Acquires 3,479 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

EverSource Wealth Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. by 43.7% in Q2, owning 11,445 shares worth $2.59 million. Analysts have given TSM a "Buy" rating with an average target price of $371.67. TSM reported Q3 earnings of $2.92 per share, exceeding expectations, and announced a dividend increase to $0.9678 per share.

EverSource Wealth Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 43.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,445 shares of the semiconductor company's stock after acquiring an additional 3,479 shares during the period. EverSource Wealth Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $2,592,000 at the end of the most recent quarter.

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Other hedge funds and other institutional investors have also modified their holdings of the company. 1248 Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $28,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $33,000. First Command Advisory Services Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 174.1% in the second quarter. First Command Advisory Services Inc. now owns 159 shares of the semiconductor company's stock valued at $36,000 after buying an additional 101 shares in the last quarter. Hemington Wealth Management grew its stake in shares of Taiwan Semiconductor Manufacturing by 78.2% in the first quarter. Hemington Wealth Management now owns 253 shares of the semiconductor company's stock valued at $41,000 after buying an additional 111 shares in the last quarter. Finally, Keystone Global Partners LLC acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter worth $49,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $360.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a "positive" rating in a report on Friday, October 10th. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, October 17th. Itau BBA Securities started coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They set an "outperform" rating on the stock. Finally, Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 17th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $371.67.

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Get Our Latest Analysis on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Stock Down 0.9%

Taiwan Semiconductor Manufacturing stock opened at $292.69 on Friday. The company's 50-day moving average price is $291.42 and its two-hundred day moving average price is $251.85. The company has a quick ratio of 2.47, a current ratio of 2.69 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.52 trillion, a P/E ratio of 30.02, a P/E/G ratio of 1.02 and a beta of 1.31. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $311.37.

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Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.33. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%.The company had revenue of $32.36 billion during the quarter, compared to analysts' expectations of $951.89 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. The business's revenue was up 40.1% on a year-over-year basis. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.9678 per share. This represents a $3.87 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, March 17th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.83. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 26.67%.

Taiwan Semiconductor Manufacturing Profile

(Free Report)

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.

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