TCTC Holdings LLC Has $327,000 Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

TCTC Holdings LLC lifted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 46.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,883 shares of the semiconductor company’s stock after buying an additional 598 shares during the quarter. TCTC Holdings LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $327,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norden Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $244,000. Empowered Funds LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 53.8% during the 1st quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock worth $2,837,000 after buying an additional 7,293 shares in the last quarter. Wealthspire Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 25.2% in the 1st quarter. Wealthspire Advisors LLC now owns 4,165 shares of the semiconductor company’s stock valued at $567,000 after buying an additional 837 shares during the last quarter. PFG Advisors increased its stake in shares of Taiwan Semiconductor Manufacturing by 33.1% in the 1st quarter. PFG Advisors now owns 3,469 shares of the semiconductor company’s stock valued at $472,000 after buying an additional 863 shares during the period. Finally, Concurrent Investment Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 324.2% during the first quarter. Concurrent Investment Advisors LLC now owns 11,399 shares of the semiconductor company’s stock worth $1,551,000 after acquiring an additional 8,712 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 0.0 %

NYSE:TSM opened at $201.20 on Friday. The stock has a market cap of $1.04 trillion, a price-to-earnings ratio of 32.24, a PEG ratio of 0.97 and a beta of 1.12. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $183.11 and a two-hundred day moving average price of $170.07. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $91.60 and a 1 year high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a $0.4871 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a dividend yield of 0.97%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

Wall Street Analyst Weigh In

A number of analysts recently commented on TSM shares. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock 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, October 18th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday. One equities 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 currently has a consensus rating of “Moderate Buy” and an average target price of $209.00.

About Taiwan Semiconductor Manufacturing

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.