Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by First Dallas Securities Inc.

First Dallas Securities Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 46.4% during the second quarter, HoldingsChannel reports. The firm owned 11,678 shares of the semiconductor company’s stock after purchasing an additional 3,701 shares during the quarter. First Dallas Securities Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,030,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TSM. Impact Partnership Wealth LLC boosted its stake in Taiwan Semiconductor Manufacturing by 226.9% in the 2nd quarter. Impact Partnership Wealth LLC now owns 1,180 shares of the semiconductor company’s stock worth $205,000 after buying an additional 819 shares during the last quarter. Mayflower Financial Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 4.2% in the second quarter. Mayflower Financial Advisors LLC now owns 3,304 shares of the semiconductor company’s stock valued at $574,000 after purchasing an additional 134 shares during the period. TD Asset Management Inc grew its holdings in Taiwan Semiconductor Manufacturing by 5.6% in the second quarter. TD Asset Management Inc now owns 722,608 shares of the semiconductor company’s stock valued at $125,596,000 after purchasing an additional 38,381 shares during the period. Birchcreek Wealth Management LLC increased its position in Taiwan Semiconductor Manufacturing by 26.7% during the second quarter. Birchcreek Wealth Management LLC now owns 2,051 shares of the semiconductor company’s stock worth $356,000 after purchasing an additional 432 shares during the last quarter. Finally, Mattern Capital Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 24.2% during the second quarter. Mattern Capital Management LLC now owns 4,295 shares of the semiconductor company’s stock worth $747,000 after purchasing an additional 837 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 1.5 %

NYSE:TSM traded up $2.43 during trading hours on Thursday, hitting $163.30. The stock had a trading volume of 3,191,029 shares, compared to its average volume of 15,803,685. The company has a market cap of $846.94 billion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. The business has a 50 day simple moving average of $170.29 and a two-hundred day simple moving average of $154.82. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.01 and a 1-year high of $193.47. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.19%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 37.52%.

Wall Street Analysts Forecast Growth

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

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.