1,124 Shares in Taiwan Semiconductor Manufacturing Company Ltd. $TSM Purchased by Nvest Financial LLC

Nvest Financial LLC purchased a new position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,124 shares of the semiconductor company’s stock, valued at approximately $255,000.

Several other institutional investors have also modified their holdings of the business. WealthPlan Investment Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 113.6% in the second quarter. WealthPlan Investment Management LLC now owns 3,946 shares of the semiconductor company’s stock worth $894,000 after acquiring an additional 2,099 shares in the last quarter. Alta Capital Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 24.4% in the second quarter. Alta Capital Management LLC now owns 1,580 shares of the semiconductor company’s stock worth $358,000 after acquiring an additional 310 shares in the last quarter. Patten & Patten Inc. TN lifted its stake in shares of Taiwan Semiconductor Manufacturing by 66.0% in the second quarter. Patten & Patten Inc. TN now owns 2,751 shares of the semiconductor company’s stock worth $623,000 after acquiring an additional 1,094 shares in the last quarter. Callahan Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 108.9% during the second quarter. Callahan Advisors LLC now owns 25,567 shares of the semiconductor company’s stock valued at $5,791,000 after buying an additional 13,330 shares in the last quarter. Finally, Davidson Investment Advisors raised its stake in Taiwan Semiconductor Manufacturing by 19.7% during the second quarter. Davidson Investment Advisors now owns 216,669 shares of the semiconductor company’s stock valued at $49,073,000 after buying an additional 35,637 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 3.2%

Shares of Taiwan Semiconductor Manufacturing stock opened at $305.48 on Thursday. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20. The business’s 50 day simple moving average is $259.95 and its 200-day simple moving average is $219.85. The stock has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 34.83, a PEG ratio of 1.41 and a beta of 1.28. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $307.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.34. The business had revenue of $30.07 billion for the quarter, compared to analysts’ expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.The business’s quarterly revenue was up 44.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 EPS. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be given a dividend of $0.8348 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, December 11th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing’s payout ratio is currently 29.99%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TSM shares. Needham & Company LLC restated a “buy” rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Itau BBA Securities started coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They set an “outperform” rating on the stock. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Susquehanna upped their price objective on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $333.33.

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.