Newbridge Financial Services Group Inc. Has $1.08 Million Stake in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Newbridge Financial Services Group Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 326.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,769 shares of the semiconductor company’s stock after purchasing an additional 3,652 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,080,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock valued at $2,159,000 after acquiring an additional 1,892 shares during the period. Charles Schwab Investment Management Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $908,000. Sit Investment Associates Inc. raised its stake in Taiwan Semiconductor Manufacturing by 2.9% in the first quarter. Sit Investment Associates Inc. now owns 20,807 shares of the semiconductor company’s stock valued at $3,454,000 after purchasing an additional 593 shares in the last quarter. Aberdeen Group plc lifted its position in Taiwan Semiconductor Manufacturing by 8.1% during the first quarter. Aberdeen Group plc now owns 382,478 shares of the semiconductor company’s stock worth $63,491,000 after purchasing an additional 28,668 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its stake in Taiwan Semiconductor Manufacturing by 3.3% during the first quarter. Nations Financial Group Inc. IA ADV now owns 9,303 shares of the semiconductor company’s stock worth $1,544,000 after buying an additional 299 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TSM shares. Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, December 8th. Needham & Company LLC restated a “buy” rating and set a $360.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 27th. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. Finally, Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $355.00.

Taiwan Semiconductor Manufacturing Stock Down 4.3%

Shares of NYSE:TSM opened at $291.87 on Friday. The firm has a market cap of $1.51 trillion, a P/E ratio of 29.94, a P/E/G ratio of 1.00 and a beta of 1.31. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $313.98. The business has a fifty day simple moving average of $293.64 and a 200 day simple moving average of $256.75. The company has a quick ratio of 2.47, a current ratio of 2.69 and a debt-to-equity ratio of 0.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.33. The company had revenue of $32.36 billion during the quarter, compared to analysts’ expectations of $951.89 billion. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 34.34%. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 40.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.94 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be paid a $0.9678 dividend. This represents a $3.87 annualized dividend and a dividend yield of 1.3%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, March 17th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 25.85%.

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.