TD Private Client Wealth LLC Raises Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

TD Private Client Wealth LLC lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 30.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,191 shares of the semiconductor company’s stock after buying an additional 4,954 shares during the quarter. TD Private Client Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,680,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TSM. Hobbs Group Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 23.0% in the third quarter. Hobbs Group Advisors LLC now owns 2,815 shares of the semiconductor company’s stock worth $489,000 after acquiring an additional 527 shares during the last quarter. Virtue Capital Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 6.2% in the 3rd quarter. Virtue Capital Management LLC now owns 4,081 shares of the semiconductor company’s stock valued at $709,000 after purchasing an additional 237 shares during the last quarter. Fortem Financial Group LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 512.6% during the 3rd quarter. Fortem Financial Group LLC now owns 8,576 shares of the semiconductor company’s stock valued at $1,489,000 after buying an additional 7,176 shares during the period. Sunbelt Securities Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 1.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 5,691 shares of the semiconductor company’s stock valued at $988,000 after buying an additional 104 shares during the period. Finally, Toronto Dominion Bank raised its position in shares of Taiwan Semiconductor Manufacturing by 23.2% in the 3rd quarter. Toronto Dominion Bank now owns 12,398 shares of the semiconductor company’s stock worth $2,153,000 after buying an additional 2,331 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Taiwan Semiconductor Manufacturing Stock Up 1.4 %

Shares of NYSE:TSM opened at $194.61 on Thursday. The company has a 50 day moving average of $192.02 and a two-hundred day moving average of $177.49. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $98.80 and a 52-week high of $212.60. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 0.94 and a beta of 1.09.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

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.