Ascent Group LLC Buys 525 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ascent Group LLC grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,993 shares of the semiconductor company’s stock after purchasing an additional 525 shares during the period. Ascent Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $868,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TSM. Steward Partners Investment Advisory LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 9.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,848 shares of the semiconductor company’s stock valued at $920,000 after purchasing an additional 743 shares during the period. Evoke Wealth LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 28.2% in the 4th quarter. Evoke Wealth LLC now owns 4,035 shares of the semiconductor company’s stock worth $421,000 after acquiring an additional 888 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 45.2% in the 4th quarter. Jones Financial Companies Lllp now owns 736 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 229 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 9.5% in the 4th quarter. CIBC Asset Management Inc now owns 60,734 shares of the semiconductor company’s stock worth $6,316,000 after acquiring an additional 5,293 shares in the last quarter. Finally, Carmignac Gestion boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 108.7% in the 4th quarter. Carmignac Gestion now owns 1,130,631 shares of the semiconductor company’s stock worth $117,586,000 after acquiring an additional 588,935 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TSM. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC boosted their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a 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 report on Wednesday, August 14th. Finally, Sanford C. Bernstein upped their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Down 2.4 %

NYSE:TSM opened at $173.67 on Tuesday. The stock’s fifty day moving average price is $167.59 and its two-hundred day moving average price is $159.64. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.95 and a 52-week high of $193.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The company has a market cap of $900.72 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 1.04 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. During the same period last year, the company earned $1.14 EPS. The firm’s revenue was up 34.6% on a year-over-year basis. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed 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 1.12%. 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 presently 36.95%.

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.