Meyer Handelman Co. Buys New Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Meyer Handelman Co. purchased a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,703 shares of the semiconductor company’s stock, valued at approximately $232,000.

Several other hedge funds have also recently added to or reduced their stakes in TSM. Prudential PLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 19.4% during the third quarter. Prudential PLC now owns 2,925 shares of the semiconductor company’s stock valued at $254,000 after purchasing an additional 476 shares during the last quarter. Brandywine Global Investment Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 13.3% during the third quarter. Brandywine Global Investment Management LLC now owns 95,432 shares of the semiconductor company’s stock valued at $8,293,000 after buying an additional 11,230 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 8.2% in the third quarter. LPL Financial LLC now owns 567,360 shares of the semiconductor company’s stock worth $49,304,000 after buying an additional 42,771 shares during the period. Stifel Financial Corp increased its position in shares of Taiwan Semiconductor Manufacturing by 2.9% in the third quarter. Stifel Financial Corp now owns 609,492 shares of the semiconductor company’s stock worth $52,965,000 after acquiring an additional 17,053 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 34.9% during the third quarter. Federated Hermes Inc. now owns 492,329 shares of the semiconductor company’s stock valued at $42,783,000 after acquiring an additional 127,368 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $173.96 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The firm has a market cap of $902.23 billion, a PE ratio of 33.14, a PEG ratio of 1.20 and a beta of 1.11. The firm’s 50 day moving average price is $152.18 and its 200 day moving average price is $132.34. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.01 and a twelve month high of $184.86.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.09. The business had revenue of $18.87 billion during the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a $0.4865 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TSM shares. Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a research note on Monday, June 17th. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Needham & Company LLC restated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Finally, Sanford C. Bernstein upped their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $173.60.

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.