Toronto Dominion Bank Has $1.75 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Toronto Dominion Bank decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 28.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,067 shares of the semiconductor company’s stock after selling 4,098 shares during the period. Toronto Dominion Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $1,750,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Seed Wealth Management Inc. raised its holdings in shares of 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 valued at $792,000 after purchasing an additional 57 shares during the last quarter. Keudell Morrison Wealth Management raised its holdings in shares of 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 valued at $700,000 after purchasing an additional 59 shares during the last quarter. Heron Bay Capital Management raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.0% in the second quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company’s stock valued at $992,000 after purchasing an additional 59 shares during the last quarter. Clifford Swan Investment Counsel LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.4% in the second quarter. Clifford Swan Investment Counsel LLC now owns 4,798 shares of the semiconductor company’s stock valued at $834,000 after purchasing an additional 66 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 0.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,733 shares of the semiconductor company’s stock valued at $3,082,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $177.97 on Monday. 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 firm has a market capitalization of $923.03 billion, a PE ratio of 33.90, a P/E/G ratio of 1.07 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.95 and a twelve month high of $193.47. The company has a 50-day moving average price of $167.50 and a two-hundred day moving average price of $159.40.

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

Taiwan Semiconductor Manufacturing Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Needham & Company LLC raised their price objective 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. Susquehanna restated a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Sanford C. Bernstein raised their price objective 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. Finally, TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $200.00.

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.