Rathbones Group PLC Purchases 130,635 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Rathbones Group PLC boosted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 25.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 653,497 shares of the semiconductor company’s stock after acquiring an additional 130,635 shares during the period. Rathbones Group PLC’s holdings in Taiwan Semiconductor Manufacturing were worth $113,584,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Johnson Financial Group Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $25,000. LifeSteps Financial Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $27,000. Olistico Wealth LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $27,000. Finally, Valley Wealth Managers Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 0.6 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $172.50 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $193.47. The firm has a market cap of $894.66 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 1.00 and a beta of 1.14. The company has a 50-day moving average of $168.64 and a 200 day moving average of $156.67. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its 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 the consensus estimate of $20.33 billion. During the same quarter last year, the firm earned $1.14 earnings per share. The business’s revenue for the quarter was up 34.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.4871 dividend. This represents a $1.95 annualized dividend and a yield of 1.13%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is 37.71%.

Wall Street Analysts Forecast Growth

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