IFP Advisors Inc Has $9.55 Million Stake in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

IFP Advisors Inc reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSMFree Report) by 8.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 20,005 shares of the semiconductor company’s stock after selling 1,926 shares during the quarter. IFP Advisors Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $9,554,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Twin City Private Wealth LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 0.3% during the 1st quarter. Twin City Private Wealth LLC now owns 7,315 shares of the semiconductor company’s stock valued at $2,479,000 after acquiring an additional 25 shares during the last quarter. Graves Light Lenhart Wealth Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 3.4% in the 2nd quarter. Graves Light Lenhart Wealth Inc. now owns 752 shares of the semiconductor company’s stock worth $359,000 after purchasing an additional 25 shares during the last quarter. OFS Enterprise LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 4.0% in the 2nd quarter. OFS Enterprise LLC now owns 653 shares of the semiconductor company’s stock worth $312,000 after purchasing an additional 25 shares during the last quarter. Wealthcare Capital Partners LLC boosted its position in Taiwan Semiconductor Manufacturing by 1.0% during the second quarter. Wealthcare Capital Partners LLC now owns 2,606 shares of the semiconductor company’s stock worth $1,244,000 after purchasing an additional 25 shares during the period. Finally, Elser Financial Planning Inc grew its holdings in Taiwan Semiconductor Manufacturing by 2.4% during the second quarter. Elser Financial Planning Inc now owns 1,081 shares of the semiconductor company’s stock valued at $516,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Key Stories Impacting Taiwan Semiconductor Manufacturing

Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:

Analyst Ratings Changes

A number of research firms have recently commented on TSM. DA Davidson lifted their price target on shares of Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, July 17th. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a “hold” rating in a report on Friday, July 17th. Stifel Nicolaus assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They issued a “buy” rating and a $515.00 target price on the stock. Susquehanna lifted their target price on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a “positive” rating in a report on Thursday, July 16th. Finally, Weiss Ratings raised shares of Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $523.22.

Get Our Latest Analysis on TSM

Insider Transactions at Taiwan Semiconductor Manufacturing

In other news, VP Lipen Yuan acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were bought at an average price of $74.50 per share, with a total value of $74,500.00. Following the acquisition, the vice president owned 6,000 shares of the company’s stock, valued at $447,000. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Shu-Hua Fang acquired 2,000 shares of the stock in a transaction dated Thursday, July 2nd. The shares were purchased at an average price of $77.09 per share, for a total transaction of $154,180.00. Following the completion of the transaction, the senior vice president owned 8,206 shares of the company’s stock, valued at $632,600.54. This trade represents a 32.23% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 19,512 shares of company stock worth $1,450,270 over the last quarter. 1.11% of the stock is owned by company insiders.

Taiwan Semiconductor Manufacturing Stock Up 2.4%

Shares of TSM opened at $439.09 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.25 and a current ratio of 2.46. The company has a 50-day simple moving average of $419.33 and a 200-day simple moving average of $399.17. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $246.93 and a 52 week high of $479.00. The firm has a market capitalization of $2.28 trillion, a P/E ratio of 31.68, a P/E/G ratio of 0.98 and a beta of 1.39.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last released its earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 39.25% and a net margin of 50.31%.The business had revenue of $39.89 billion for the quarter. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.52 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Thursday, December 10th will be given a $1.0854 dividend. The ex-dividend date is Thursday, December 10th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 1.0%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 21.43%.

Taiwan Semiconductor Manufacturing Company Profile

(Free Report)

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), commonly known as TSMC, is a Taiwan-based semiconductor manufacturer and the world’s leading dedicated semiconductor foundry. Founded in 1987 and headquartered in Hsinchu, Taiwan, the company pioneered the pure-play foundry business model, producing chips designed by other companies rather than developing and selling branded semiconductor products of its own.

TSMC manufactures semiconductor wafers using advanced and specialty process technologies.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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