Excelsior Advisor Network LLC Makes New $580,000 Investment in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Excelsior Advisor Network LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) in the 1st quarter, HoldingsChannel reports. The firm acquired 1,718 shares of the semiconductor company’s stock, valued at approximately $580,000.

Other institutional investors also recently modified their holdings of the company. Quantinno Capital Management LP grew its position in Taiwan Semiconductor Manufacturing by 23.0% during the 1st quarter. Quantinno Capital Management LP now owns 277,013 shares of the semiconductor company’s stock worth $93,617,000 after acquiring an additional 51,791 shares during the last quarter. Castleark Management LLC raised its position in Taiwan Semiconductor Manufacturing by 13.6% in the 1st quarter. Castleark Management LLC now owns 41,210 shares of the semiconductor company’s stock valued at $13,927,000 after purchasing an additional 4,920 shares during the last quarter. Sculptor Capital LP raised its position in Taiwan Semiconductor Manufacturing by 38.6% in the 1st quarter. Sculptor Capital LP now owns 323,000 shares of the semiconductor company’s stock valued at $109,158,000 after purchasing an additional 90,000 shares during the last quarter. Cardiff Park Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 10.3% in the first quarter. Cardiff Park Advisors LLC now owns 3,393 shares of the semiconductor company’s stock worth $1,147,000 after purchasing an additional 318 shares in the last quarter. Finally, Intelligence Driven Advisers LLC boosted its stake in Taiwan Semiconductor Manufacturing by 3.8% in the first quarter. Intelligence Driven Advisers LLC now owns 4,174 shares of the semiconductor company’s stock worth $1,411,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $399.94 on Tuesday. The business’s 50-day simple moving average is $427.75 and its 200 day simple moving average is $382.65. The company has a quick ratio of 2.31, a current ratio of 2.49 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.07 trillion, a price-to-earnings ratio of 28.86, a P/E/G ratio of 0.93 and a beta of 1.36. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $223.70 and a 12-month high of $479.00.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share (EPS) for the quarter. The company had revenue of $39.89 billion for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 40.88%. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.34 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be issued a $1.1136 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95. This represents a $4.45 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 21.43%.

Insider Activity at Taiwan Semiconductor Manufacturing

In other news, VP Tzu-Sou Chuang sold 200,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $69.83, for a total value of $13,966,000.00. Following the transaction, the vice president owned 2,495,165 shares of the company’s stock, valued at $174,237,371.95. This represents a 7.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Lipen Yuan acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average cost of $79.19 per share, with a total value of $79,190.00. Following the completion of the purchase, the vice president owned 5,000 shares of the company’s stock, valued at $395,950. This trade represents a 25.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 6,857 shares of company stock worth $512,334 over the last ninety days. Company insiders own 1.11% of the company’s stock.

Analyst Ratings Changes

TSM has been the topic of several research analyst reports. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. TD Cowen upped their price target on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. DA Davidson increased their price objective on shares of Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Needham & Company LLC raised their price objective on shares of Taiwan Semiconductor Manufacturing from $480.00 to $530.00 and gave the company a “buy” rating in a research report on Monday. Finally, Zacks Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $496.25.

Taiwan Semiconductor Manufacturing Company 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.