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

Inspire Advisors LLC decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 20.4% in the 2nd 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 also recently added to or reduced their stakes in TSM. Johnson Financial Group Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $25,000. LifeSteps Financial Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $27,000. Olistico Wealth LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $27,000. Finally, Valley Wealth Managers Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $27,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

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 capitalization 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 business 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) 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 was up 34.6% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders 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 12th. This represents a $1.95 annualized dividend and a yield of 1.13%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 37.71%.

Analyst Ratings Changes

Several research firms have commented on TSM. Needham & Company LLC upped 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 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. TD Cowen upped their price target 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 upped 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. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $200.00.

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.