First Citizens Bank & Trust Co. Increases Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

First Citizens Bank & Trust Co. boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,481 shares of the semiconductor company’s stock after purchasing an additional 349 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,647,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TSM. Capital World Investors grew its stake in Taiwan Semiconductor Manufacturing by 1.7% in the 1st quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock valued at $5,722,410,000 after acquiring an additional 704,804 shares during the period. Capital International Investors increased its stake in shares of Taiwan Semiconductor Manufacturing by 40.2% during the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock worth $2,679,602,000 after purchasing an additional 5,643,949 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 4.3% during the 2nd quarter. Van ECK Associates Corp now owns 18,167,165 shares of the semiconductor company’s stock worth $3,157,635,000 after purchasing an additional 750,971 shares during the last quarter. GQG Partners LLC lifted its stake in Taiwan Semiconductor Manufacturing by 25.1% in the 1st quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company’s stock valued at $1,161,633,000 after buying an additional 1,710,673 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Taiwan Semiconductor Manufacturing by 3.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,873,873 shares of the semiconductor company’s stock worth $1,071,242,000 after buying an additional 296,892 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSM. TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $200.78 on Friday. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.04 trillion, a P/E ratio of 38.24, a PEG ratio of 1.13 and a beta of 1.14. The company has a 50-day moving average price of $175.31 and a 200 day moving average price of $164.27. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.95 and a 12-month high of $212.60.

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. The firm had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The firm’s quarterly revenue was up 34.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 earnings per share. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost 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 0.97%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 36.95%.

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.