Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Simon Quick Advisors LLC

Simon Quick Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 39.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,774 shares of the semiconductor company’s stock after acquiring an additional 1,346 shares during the quarter. Simon Quick Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $830,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSM. Cozad Asset Management Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 5.1% in the 2nd quarter. Cozad Asset Management Inc. now owns 10,690 shares of the semiconductor company’s stock worth $1,858,000 after purchasing an additional 523 shares during the last quarter. FSB Premier Wealth Management Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 96.1% in the second quarter. FSB Premier Wealth Management Inc. now owns 3,307 shares of the semiconductor company’s stock valued at $575,000 after buying an additional 1,621 shares in the last quarter. Fortem Financial Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $243,000. Founders Financial Securities LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 55.2% during the 2nd quarter. Founders Financial Securities LLC now owns 10,132 shares of the semiconductor company’s stock worth $1,761,000 after acquiring an additional 3,605 shares in the last quarter. Finally, Little House Capital LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.4% in the 2nd quarter. Little House Capital LLC now owns 19,113 shares of the semiconductor company’s stock worth $3,322,000 after acquiring an additional 443 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TSM shares. Needham & Company LLC increased their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Susquehanna reiterated a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Sanford C. Bernstein increased their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Trading Up 0.2 %

Shares of NYSE:TSM opened at $160.80 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $833.98 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. The firm has a fifty day moving average of $170.29 and a two-hundred day moving average of $154.82.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The business’s quarterly revenue was up 34.6% on a year-over-year basis. During the same period last year, the business earned $1.14 EPS. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.21%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 37.52%.

Taiwan Semiconductor Manufacturing 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.