Goodman Advisory Group LLC Takes Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Goodman Advisory Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the second quarter, Holdings Channel.com reports. The firm acquired 31,541 shares of the semiconductor company’s stock, valued at approximately $7,144,000. Taiwan Semiconductor Manufacturing comprises approximately 2.4% of Goodman Advisory Group LLC’s portfolio, making the stock its 12th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nikko Asset Management Americas Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 120.0% in the second quarter. Nikko Asset Management Americas Inc. now owns 438,831 shares of the semiconductor company’s stock valued at $99,356,000 after purchasing an additional 239,331 shares during the period. FORA Capital LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $764,000. 44 Wealth Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 26.2% in the 2nd quarter. 44 Wealth Management LLC now owns 7,796 shares of the semiconductor company’s stock worth $1,766,000 after acquiring an additional 1,618 shares during the period. Duquesne Family Office LLC lifted its position in Taiwan Semiconductor Manufacturing by 27.8% during the 2nd quarter. Duquesne Family Office LLC now owns 765,085 shares of the semiconductor company’s stock worth $173,284,000 after acquiring an additional 166,305 shares during the last quarter. Finally, Howland Capital Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at about $250,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. UBS Group set a $330.00 price target on Taiwan Semiconductor Manufacturing in a research report on Sunday, December 7th. Barclays upped their price target 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 issued a $360.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Finally, Sanford C. Bernstein upped their target price on shares of Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the company an “outperform” rating in a research note on Sunday, December 7th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $355.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $291.87 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $313.98. The company has a market capitalization 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. The stock has a 50 day moving average of $293.64 and a two-hundred day moving average of $256.75. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, October 16th. The semiconductor company reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.33. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%.The business had revenue of $32.36 billion during the quarter, compared to analyst estimates of $951.89 billion. During the same period in the prior year, the company posted $1.94 earnings per share. Taiwan Semiconductor Manufacturing’s revenue was up 40.1% on a year-over-year basis. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.9678 per share. This represents a $3.87 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. Taiwan Semiconductor Manufacturing’s payout ratio is 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.