TD Asset Management Inc Acquires 38,381 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

TD Asset Management Inc increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.6% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 722,608 shares of the semiconductor company’s stock after buying an additional 38,381 shares during the quarter. TD Asset Management Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $125,596,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Seed Wealth Management Inc. boosted its position in Taiwan Semiconductor Manufacturing by 1.3% in the second quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock worth $792,000 after purchasing an additional 57 shares during the last quarter. Keudell Morrison Wealth Management boosted 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 worth $700,000 after purchasing an additional 59 shares during the last quarter. Cadence Bank boosted its position in Taiwan Semiconductor Manufacturing by 0.5% in the first quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock worth $2,041,000 after purchasing an additional 69 shares during the last quarter. SNS Financial Group LLC boosted its position in Taiwan Semiconductor Manufacturing by 3.4% in the second 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 last quarter. Finally, ZRC Wealth Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 20.9% in the second 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 currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Taiwan Semiconductor Manufacturing Stock Up 1.7 %

TSM stock opened at $163.62 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.01 and a twelve month high of $193.47. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The stock has a market cap of $848.60 billion, a P/E ratio of 31.17, a PEG ratio of 1.01 and a beta of 1.14. The business’s 50-day moving average price is $170.13 and its 200-day moving average price is $154.88.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its 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. The company had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The firm’s quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 37.52%.

Taiwan Semiconductor Manufacturing Company 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.