First American Bank Purchases 12,841 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

First American Bank grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 210.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,937 shares of the semiconductor company’s stock after acquiring an additional 12,841 shares during the quarter. First American Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $5,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TSM. Albion Financial Group UT increased its position in Taiwan Semiconductor Manufacturing by 113.6% in the third quarter. Albion Financial Group UT now owns 2,016 shares of the semiconductor company’s stock worth $563,000 after purchasing an additional 1,072 shares during the last quarter. Pure Financial Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing by 7.2% during the third quarter. Pure Financial Advisors LLC now owns 5,888 shares of the semiconductor company’s stock valued at $1,644,000 after purchasing an additional 396 shares during the last quarter. Atlas Brown Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 10.1% in the 3rd quarter. Atlas Brown Inc. now owns 2,461 shares of the semiconductor company’s stock worth $687,000 after buying an additional 226 shares in the last quarter. Annex Advisory Services LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 1.6% in the 3rd quarter. Annex Advisory Services LLC now owns 56,331 shares of the semiconductor company’s stock worth $15,733,000 after buying an additional 868 shares during the last quarter. Finally, Lakeshore Capital Group Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 2.6% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 10,149 shares of the semiconductor company’s stock worth $2,835,000 after buying an additional 257 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $300.83 on Tuesday. The stock has a 50 day moving average price of $292.38 and a 200 day moving average price of $264.04. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $134.25 and a 52-week high of $313.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.69. The firm has a market capitalization of $1.56 trillion, a P/E ratio of 30.85, a P/E/G ratio of 1.04 and a beta of 1.31.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Friday, November 14th. The semiconductor company reported $14.32 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 17th will be paid a $0.9678 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.87 annualized dividend and a yield of 1.3%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. Taiwan Semiconductor Manufacturing’s payout ratio is 25.85%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TSM shares. Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Needham & Company LLC restated a “buy” rating and set a $360.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Monday, October 27th. Sanford C. Bernstein raised their price target on Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the stock an “outperform” rating in a research report on Sunday, December 7th. Finally, Itau BBA Securities began coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They set an “outperform” rating for the company. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Buy” and a consensus target price of $355.00.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.