Inspire Advisors LLC Sells 373 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Inspire Advisors LLC reduced its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 20.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,454 shares of the semiconductor company’s stock after selling 373 shares during the quarter. Inspire Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $253,000 at the end of the most recent quarter.

Several other hedge funds have recently added to or reduced their stakes in TSM. Johnson Financial Group Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at about $25,000. LifeSteps Financial Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the first quarter valued at about $27,000. Olistico Wealth LLC acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. Finally, Valley Wealth Managers Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. Institutional investors own 16.51% of the company’s shares.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $172.50 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47, and a quick ratio of 2.21. The company has a market cap of $894.66 billion, a PE ratio of 32.86, a price-to-earnings-growth ratio of 1.00 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $193.47. The company has a 50-day simple moving average of $168.64 and a 200-day simple moving average of $156.87.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Your Free Report ) last posted its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. Taiwan Semiconductor Manufacturing’s revenue rose 34.6% year over year. In the same quarter last year, the company earned $1.14 EPS. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Raises Dividends

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.4871 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12. This represents an annualized dividend of $1.95 and a yield of 1.13%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 37.71%.

Changes in Analyst Ratings

Several research firms have commented on TSM. Needham & Company LLC boosted their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Susquehanna reaffirmed a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Sanford C. Bernstein boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Finally, Barclays upped their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $200.00, based on data from MarketBeat.

Check out our latest research report on TSM

Taiwan Semiconductor Manufacturing Company 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 offers a wide range of wafer fabrication processes, including complementary metal-oxide-semiconductor (CMOS), mixed-signal, radio-frequency, embedded memory, bipolar CMOS mixed-signal, and others.

See Also

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