XML Financial LLC Increases Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

XML Financial LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,600 shares of the semiconductor company’s stock after buying an additional 178 shares during the quarter. XML Financial LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $452,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Geneva Partners LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $1,538,000. Oak Harvest Investment Services purchased a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $201,000. Veracity Capital LLC raised its position in Taiwan Semiconductor Manufacturing by 11.9% in the 2nd quarter. Veracity Capital LLC now owns 9,148 shares of the semiconductor company’s stock worth $1,590,000 after purchasing an additional 971 shares during the period. Onyx Bridge Wealth Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $244,000. Finally, GFG Capital LLC raised its position in Taiwan Semiconductor Manufacturing by 3.9% in the 2nd quarter. GFG Capital LLC now owns 5,225 shares of the semiconductor company’s stock worth $908,000 after purchasing an additional 194 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Needham & Company LLC increased their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Sanford C. Bernstein increased their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Finally, Susquehanna reaffirmed a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Down 0.4 %

Shares of NYSE:TSM traded down $0.61 during trading on Wednesday, reaching $171.43. 9,425,362 shares of the company were exchanged, compared to its average volume of 16,096,284. The firm has a market capitalization of $889.11 billion, a PE ratio of 32.65, a P/E/G ratio of 1.02 and a beta of 1.14. The business’s fifty day simple moving average is $171.53 and its 200-day simple moving average is $151.96. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47. 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 (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (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 firm had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. During the same period last year, the firm earned $1.14 earnings per share. The company’s quarterly revenue was up 34.6% on a year-over-year basis. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced 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 represents a $1.95 annualized dividend and a yield of 1.14%. 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 (DPR) is 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.