Meiji Yasuda Asset Management Co Ltd. Buys 7,727 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Meiji Yasuda Asset Management Co Ltd. boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 33.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 30,968 shares of the semiconductor company’s stock after buying an additional 7,727 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $5,383,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Argent Trust Co grew its position in shares of Taiwan Semiconductor Manufacturing by 19.2% in the second quarter. Argent Trust Co now owns 34,170 shares of the semiconductor company’s stock valued at $5,939,000 after purchasing an additional 5,495 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Taiwan Semiconductor Manufacturing by 2.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 113,657 shares of the semiconductor company’s stock valued at $19,755,000 after purchasing an additional 2,578 shares during the period. Lingotto Investment Management LLP grew its holdings in Taiwan Semiconductor Manufacturing by 37.0% in the 2nd quarter. Lingotto Investment Management LLP now owns 185,000 shares of the semiconductor company’s stock valued at $32,155,000 after buying an additional 50,000 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd increased its position in Taiwan Semiconductor Manufacturing by 318.6% during the 2nd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 120,768 shares of the semiconductor company’s stock worth $20,991,000 after buying an additional 91,918 shares during the period. Finally, Wealth Alliance boosted its position in shares of Taiwan Semiconductor Manufacturing by 31.6% in the second quarter. Wealth Alliance now owns 16,976 shares of the semiconductor company’s stock valued at $2,951,000 after acquiring an additional 4,080 shares during the period. 16.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Needham & Company LLC lifted 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 note on Monday, July 15th. TD Cowen lifted their price target on shares of 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 restated a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Finally, Sanford C. Bernstein raised their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Down 0.0 %

NYSE TSM opened at $167.29 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two week high of $193.47. The business has a fifty day moving average price of $167.47 and a two-hundred day moving average price of $157.46. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The stock has a market capitalization of $867.63 billion, a PE ratio of 31.86, a PEG ratio of 0.99 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 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 the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The firm’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same period last year, the company posted $1.14 EPS. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business 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 is Thursday, December 12th. 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 1.16%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 37.71%.

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.