Modus Advisors LLC Takes $589,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Modus Advisors LLC acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 3,390 shares of the semiconductor company’s stock, valued at approximately $589,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TSM. Seed Wealth Management Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% during the second quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock worth $792,000 after buying an additional 57 shares in the last quarter. Keudell Morrison Wealth Management increased its holdings in Taiwan Semiconductor Manufacturing by 1.5% in the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 59 shares in the last quarter. Heron Bay Capital Management raised its position in Taiwan Semiconductor Manufacturing by 1.0% in the second quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company’s stock valued at $992,000 after purchasing an additional 59 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its stake in shares of Taiwan Semiconductor Manufacturing by 0.4% during the third quarter. Azzad Asset Management Inc. ADV now owns 14,166 shares of the semiconductor company’s stock valued at $2,460,000 after purchasing an additional 63 shares in the last quarter. Finally, Foster Group Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.5% during the third quarter. Foster Group Inc. now owns 4,382 shares of the semiconductor company’s stock worth $761,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TSM shares. Susquehanna reiterated a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Sanford C. Bernstein lifted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Needham & Company LLC raised their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Down 0.2 %

Shares of NYSE:TSM traded down $0.37 during trading on Thursday, reaching $186.77. The stock had a trading volume of 2,883,542 shares, compared to its average volume of 15,337,788. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.95 and a 52 week high of $193.47. The firm’s fifty day moving average is $170.27 and its 200 day moving average is $161.61. The stock has a market cap of $968.67 billion, a price-to-earnings ratio of 35.39, a P/E/G ratio of 1.06 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The firm 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%. The business’s revenue was up 34.6% compared to the same quarter last year. During the same period last year, the business posted $1.14 EPS. As a group, equities 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 declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.04%. Taiwan Semiconductor Manufacturing’s payout ratio is 36.95%.

Taiwan Semiconductor Manufacturing 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.