Miracle Mile Advisors LLC Has $594,000 Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Miracle Mile Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 53.8% in the 4th quarter, Holdings Channel reports. The firm owned 3,006 shares of the semiconductor company’s stock after acquiring an additional 1,052 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $594,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. WealthPLAN Partners LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $250,000. Axxcess Wealth Management LLC increased its position in Taiwan Semiconductor Manufacturing by 55.6% in the 2nd quarter. Axxcess Wealth Management LLC now owns 11,164 shares of the semiconductor company’s stock valued at $1,940,000 after buying an additional 3,991 shares in the last quarter. Wealth Alliance boosted its holdings in Taiwan Semiconductor Manufacturing by 31.6% in the second quarter. Wealth Alliance now owns 16,976 shares of the semiconductor company’s stock worth $2,951,000 after acquiring an additional 4,080 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd grew its stake in Taiwan Semiconductor Manufacturing by 318.6% in the second quarter. Central Asset Investments & Management Holdings HK Ltd now owns 120,768 shares of the semiconductor company’s stock valued at $20,991,000 after acquiring an additional 91,918 shares during the period. Finally, Lingotto Investment Management LLP increased its holdings in shares of Taiwan Semiconductor Manufacturing by 37.0% during the second quarter. Lingotto Investment Management LLP now owns 185,000 shares of the semiconductor company’s stock valued at $32,155,000 after acquiring an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

TSM has been the topic of a number of recent research reports. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Trading Up 2.7 %

Shares of TSM opened at $206.93 on Thursday. The business has a 50-day moving average of $197.26 and a 200 day moving average of $183.79. The firm has a market cap of $1.07 trillion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 0.93 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $100.00 and a fifty-two week high of $222.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared 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 represents a $2.19 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 35.10%.

Taiwan Semiconductor Manufacturing Company 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.