Farther Finance Advisors LLC Has $7.37 Million Stake in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Farther Finance Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 25.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,383 shares of the semiconductor company’s stock after acquiring an additional 5,326 shares during the quarter. Farther Finance Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $7,368,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Leonard Rickey Investment Advisors P.L.L.C. raised its holdings in Taiwan Semiconductor Manufacturing by 2.5% during the 3rd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,652 shares of the semiconductor company’s stock worth $461,000 after buying an additional 41 shares during the period. Parcion Private Wealth LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth $336,000. Baxter Bros Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% during the third quarter. Baxter Bros Inc. now owns 7,962 shares of the semiconductor company’s stock worth $2,224,000 after acquiring an additional 1,377 shares during the period. Roffman Miller Associates Inc. PA bought a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $7,125,000. Finally, Berger Financial Group Inc boosted its stake in Taiwan Semiconductor Manufacturing by 9.7% in the 3rd quarter. Berger Financial Group Inc now owns 4,580 shares of the semiconductor company’s stock worth $1,279,000 after purchasing an additional 406 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 1.3%

NYSE:TSM opened at $297.03 on Wednesday. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $313.98. The firm has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. 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’s 50 day moving average price is $292.35 and its two-hundred day moving average price is $261.56.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Friday, November 14th. The semiconductor company reported $14.32 EPS for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be given a $0.9678 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.87 dividend on an annualized basis and a dividend yield of 1.3%. Taiwan Semiconductor Manufacturing’s payout ratio is 25.85%.

Analyst Ratings Changes

Several analysts have issued reports on TSM shares. Sanford C. Bernstein lifted their price target on Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the company an “outperform” rating in a research note on Sunday, December 7th. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. UBS Group set a $330.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Sunday, December 7th. Finally, Itau BBA Securities initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They issued an “outperform” rating on the stock. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $355.00.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.