Candriam S.C.A. Grows Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Candriam S.C.A. raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 803,095 shares of the semiconductor company’s stock after purchasing an additional 13,325 shares during the period. Taiwan Semiconductor Manufacturing accounts for 0.8% of Candriam S.C.A.’s investment portfolio, making the stock its 19th largest holding. Candriam S.C.A.’s holdings in Taiwan Semiconductor Manufacturing were worth $139,579,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TSM. Wealthcare Advisory Partners LLC increased its position in Taiwan Semiconductor Manufacturing by 8.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,704 shares of the semiconductor company’s stock worth $281,000 after buying an additional 201 shares during the period. Lincoln National Corp raised its position in Taiwan Semiconductor Manufacturing by 23.3% in the 4th quarter. Lincoln National Corp now owns 8,472 shares of the semiconductor company’s stock valued at $881,000 after purchasing an additional 1,599 shares during the last quarter. Montag A & Associates Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 966.7% during the 4th quarter. Montag A & Associates Inc. now owns 5,739 shares of the semiconductor company’s stock worth $597,000 after purchasing an additional 5,201 shares during the period. Lebenthal Global Advisors LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $594,000. Finally, Warther Private Wealth LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 42.6% in the fourth quarter. Warther Private Wealth LLC now owns 105,252 shares of the semiconductor company’s stock valued at $10,946,000 after buying an additional 31,445 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $156.85 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $193.47. The stock has a fifty day moving average price of $169.79 and a 200 day moving average price of $155.09. The firm has a market capitalization of $813.49 billion, a P/E ratio of 29.88, a PEG ratio of 0.94 and a beta of 1.14. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter last year, the business earned $1.14 EPS. Equities research 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 business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.57%.

Wall Street Analyst Weigh In

TSM has been the subject of a number of recent analyst reports. Susquehanna reissued a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. 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 boosted their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. TD Cowen raised their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, Sanford C. Bernstein upped their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company 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 given a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target 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.