Toronto Dominion Bank Has $2.15 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Toronto Dominion Bank raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 23.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 12,398 shares of the semiconductor company’s stock after purchasing an additional 2,331 shares during the period. Toronto Dominion Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $2,153,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Brookstone Capital Management boosted its stake in shares of Taiwan Semiconductor Manufacturing by 14.8% during the 2nd quarter. Brookstone Capital Management now owns 8,538 shares of the semiconductor company’s stock valued at $1,462,000 after buying an additional 1,102 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in Taiwan Semiconductor Manufacturing by 206.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,124 shares of the semiconductor company’s stock valued at $1,412,000 after purchasing an additional 5,474 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 155.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,717 shares of the semiconductor company’s stock valued at $299,000 after purchasing an additional 1,046 shares in the last quarter. Milestone Asset Management LLC increased its position in Taiwan Semiconductor Manufacturing by 3.0% in the 2nd quarter. Milestone Asset Management LLC now owns 2,629 shares of the semiconductor company’s stock worth $457,000 after purchasing an additional 76 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 20.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 479,362 shares of the semiconductor company’s stock worth $83,318,000 after purchasing an additional 80,566 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the subject of several recent research reports. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Trading Up 5.0 %

NYSE:TSM opened at $200.99 on Monday. The company’s 50 day moving average is $193.04 and its 200-day moving average is $178.29. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $98.80 and a 12 month high of $212.60. The firm has a market cap of $1.04 trillion, a price-to-earnings ratio of 32.21, a P/E/G ratio of 0.93 and a beta of 1.09.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.25%.

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.