Old North State Trust LLC Purchases 443 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Old North State Trust LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,541 shares of the semiconductor company’s stock after acquiring an additional 443 shares during the period. Old North State Trust LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $789,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $25,000. LifeSteps Financial Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $27,000. Olistico Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $27,000. Valley Wealth Managers Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $27,000. Finally, North Star Investment Management Corp. raised its holdings in Taiwan Semiconductor Manufacturing by 670.4% during the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 181 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 4.7 %

Shares of NYSE TSM opened at $177.97 on Monday. The stock has a market cap of $923.03 billion, a P/E ratio of 33.90, a price-to-earnings-growth ratio of 1.07 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.95 and a 1 year high of $193.47. The firm has a 50-day moving average of $167.50 and a 200 day moving average of $159.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. During the same quarter last year, the company earned $1.14 EPS. The firm’s revenue for the quarter was up 34.6% on a year-over-year basis. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a yield of 1.09%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 37.71%.

Analysts Set New Price Targets

TSM has been the topic of a number of recent analyst reports. Sanford C. Bernstein raised their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Needham & Company LLC increased their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Barclays upped their price target 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. Susquehanna reiterated a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Finally, TD Cowen raised their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $200.00.

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.