Miracle Mile Advisors LLC Invests $227,000 in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Miracle Mile Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,671 shares of the semiconductor company’s stock, valued at approximately $227,000.

Several other large investors have also recently added to or reduced their stakes in TSM. Toth Financial Advisory Corp increased its holdings in Taiwan Semiconductor Manufacturing by 3.3% in the first quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock valued at $311,000 after buying an additional 74 shares in the last quarter. Physician Wealth Advisors Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 3,081 shares of the semiconductor company’s stock worth $431,000 after acquiring an additional 90 shares during the period. Avestar Capital LLC increased its stake in Taiwan Semiconductor Manufacturing by 1.8% in the 4th quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company’s stock valued at $567,000 after purchasing an additional 95 shares in the last quarter. Mather Group LLC. increased its stake in Taiwan Semiconductor Manufacturing by 2.0% in the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock valued at $501,000 after purchasing an additional 96 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 2.3% during the fourth quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 96 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TSM. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 17th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, May 22nd. Finally, Sanford C. Bernstein lifted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.60.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $175.62 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $184.86. The company’s 50 day simple moving average is $156.61 and its 200 day simple moving average is $135.55. The company has a market capitalization of $910.84 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 1.19 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.09. The business had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.11%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

About Taiwan Semiconductor Manufacturing

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.