Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Position Increased by Trust Co. of Vermont

Trust Co. of Vermont increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 32,099 shares of the semiconductor company’s stock after acquiring an additional 2,328 shares during the period. Trust Co. of Vermont’s holdings in Taiwan Semiconductor Manufacturing were worth $5,575,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in TSM. NBC Securities Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 8.4% in the 1st quarter. NBC Securities Inc. now owns 4,253 shares of the semiconductor company’s stock worth $578,000 after purchasing an additional 331 shares during the last quarter. Fulton Bank N.A. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 9.8% in the 1st quarter. Fulton Bank N.A. now owns 2,947 shares of the semiconductor company’s stock worth $401,000 after purchasing an additional 263 shares during the last quarter. Wedmont Private Capital raised its stake in Taiwan Semiconductor Manufacturing by 10.9% during the 1st quarter. Wedmont Private Capital now owns 7,903 shares of the semiconductor company’s stock valued at $1,149,000 after acquiring an additional 779 shares in the last quarter. American National Bank raised its stake in Taiwan Semiconductor Manufacturing by 24.8% during the 1st quarter. American National Bank now owns 1,592 shares of the semiconductor company’s stock valued at $217,000 after acquiring an additional 316 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in Taiwan Semiconductor Manufacturing by 4.2% during the 1st quarter. Park Avenue Securities LLC now owns 41,242 shares of the semiconductor company’s stock valued at $5,611,000 after acquiring an additional 1,679 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 9.7 %

Shares of TSM stock opened at $205.74 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.95 and a 1 year high of $212.60. The stock has a market cap of $1.07 trillion, a PE ratio of 39.19, a price-to-earnings-growth ratio of 1.13 and a beta of 1.14. The business’s fifty day moving average is $174.64 and its 200-day moving average is $163.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. During the same period last year, the firm earned $1.14 EPS. The firm’s revenue for the quarter was up 34.6% on a year-over-year basis. Equities analysts expect 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. Investors of record on Thursday, December 12th will be issued a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 36.95%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Sanford C. Bernstein lifted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, Susquehanna reaffirmed a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

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 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.