Heritage Wealth Management LLC lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 48.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,783 shares of the semiconductor company’s stock after purchasing an additional 902 shares during the period. Heritage Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $334,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Credit Agricole S A lifted its holdings in Taiwan Semiconductor Manufacturing by 104.8% during the first quarter. Credit Agricole S A now owns 15,645 shares of the semiconductor company’s stock worth $1,850,000 after buying an additional 8,006 shares during the period. Kestra Advisory Services LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 55.7% during the first quarter. Kestra Advisory Services LLC now owns 53,762 shares of the semiconductor company’s stock worth $6,359,000 after buying an additional 19,225 shares during the period. Sit Investment Associates Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 38.8% during the first quarter. Sit Investment Associates Inc. now owns 11,800 shares of the semiconductor company’s stock worth $1,396,000 after buying an additional 3,300 shares during the period. Brandes Investment Partners LP lifted its holdings in Taiwan Semiconductor Manufacturing by 10.6% during the second quarter. Brandes Investment Partners LP now owns 37,400 shares of the semiconductor company’s stock worth $4,494,000 after buying an additional 3,599 shares during the period. Finally, TCW Group Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth $2,768,000. Hedge funds and other institutional investors own 16.55% of the company’s stock.
Get Taiwan Semiconductor Manufacturing alerts: Several analysts have recently commented on TSM shares. Argus started coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, June 22nd. They set a “buy” rating and a $150.00 price objective for the company. Morgan Stanley lowered Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a report on Monday, June 21st. Susquehanna upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and increased their price objective for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Needham & Company LLC began coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, July 13th. They set a “buy” rating and a $123.05 price objective for the company. Finally, Susquehanna Bancshares raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and upped their target price for the company from $85.00 to $105.00 in a research report on Wednesday, June 30th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Hold” and an average price target of $127.72.
Shares of NYSE TSM traded up $0.99 during mid-day trading on Wednesday, hitting $115.95. The stock had a trading volume of 55,161 shares, compared to its average volume of 10,293,594. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.92. The company has a 50 day moving average of $117.56 and a two-hundred day moving average of $117.36. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $76.17 and a twelve month high of $142.20. The firm has a market cap of $601.33 billion, a PE ratio of 30.57, a PEG ratio of 1.90 and a beta of 0.89.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. The firm had revenue of $372.15 billion for the quarter, compared to the consensus estimate of $372.58 billion. Taiwan Semiconductor Manufacturing had a return on equity of 29.17% and a net margin of 38.14%. The firm’s revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.66 EPS. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 13th. Shareholders of record on Friday, December 17th will be given a dividend of $0.4941 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.98 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, December 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 46.31%.
Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.
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