Equitable Trust Co. Increases Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Equitable Trust Co. raised its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 725.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,412 shares of the semiconductor company’s stock after buying an additional 28,484 shares during the quarter. Equitable Trust Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $5,634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TSM. Seed Wealth Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 1.3% during the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after buying an additional 57 shares during the period. Keudell Morrison Wealth Management raised its position in Taiwan Semiconductor Manufacturing by 1.5% in the second quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock valued at $700,000 after purchasing an additional 59 shares during the period. Cadence Bank lifted its stake in shares of Taiwan Semiconductor Manufacturing by 0.5% in the 1st quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock valued at $2,041,000 after purchasing an additional 69 shares during the last quarter. SNS Financial Group LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.4% during the 2nd quarter. SNS Financial Group LLC now owns 2,114 shares of the semiconductor company’s stock worth $369,000 after purchasing an additional 69 shares during the period. Finally, ZRC Wealth Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 2nd quarter. ZRC Wealth Management LLC now owns 405 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 70 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 1.5 %

TSM traded up $2.55 during trading hours on Friday, hitting $171.70. 9,481,403 shares of the company’s stock were exchanged, compared to its average volume of 15,950,570. The firm has a market cap of $890.51 billion, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. 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 current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $170.68 and a 200 day moving average of $154.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 earnings per share. Analysts predict 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 paid a $0.4871 dividend. This represents a $1.95 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.57%.

Analyst Upgrades and Downgrades

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