YHB Investment Advisors Inc. Purchases 16,384 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

YHB Investment Advisors Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 298.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 21,867 shares of the semiconductor company’s stock after acquiring an additional 16,384 shares during the period. YHB Investment Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSM. Nemes Rush Group LLC bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth $26,000. Armstrong Advisory Group Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth about $31,000. Key Financial Inc boosted its stake in shares of Taiwan Semiconductor Manufacturing by 666.7% during the first quarter. Key Financial Inc now owns 345 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 300 shares in the last quarter. America First Investment Advisors LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $33,000. Finally, MBM Wealth Consultants LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.4 %

NYSE:TSM opened at $98.40 on Thursday. The firm’s fifty day moving average is $89.79 and its 200-day moving average is $94.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.88 and a current ratio of 2.15. The firm has a market cap of $510.34 billion, a P/E ratio of 17.76, a P/E/G ratio of 2.71 and a beta of 1.04. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $72.84 and a 52 week high of $110.69.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.13. Taiwan Semiconductor Manufacturing had a return on equity of 28.42% and a net margin of 41.42%. The business had revenue of $17.28 billion during the quarter, compared to analysts’ expectations of $16.90 billion. During the same quarter last year, the business posted $1.79 EPS. The business’s quarterly revenue was down 10.1% compared to the same quarter last year. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 4.97 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Tuesday, March 19th will be issued a $0.5415 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.20%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.47. The ex-dividend date is Monday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 26.44%.

Analyst Upgrades and Downgrades

Several analysts have commented on TSM shares. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays assumed coverage on Taiwan Semiconductor Manufacturing in a research report on Monday, October 23rd. They issued an “overweight” rating and a $105.00 price objective for the company. Susquehanna decreased their target price on shares of Taiwan Semiconductor Manufacturing from $135.00 to $130.00 in a research report on Monday, October 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $115.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average target price of $116.67.

About Taiwan Semiconductor Manufacturing

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.