Inspire Investing LLC Acquires 2,754 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Inspire Investing LLC raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 32.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,286 shares of the semiconductor company’s stock after purchasing an additional 2,754 shares during the quarter. Inspire Investing LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,962,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Sanders Capital LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.5% in the 4th quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock valued at $4,630,842,000 after buying an additional 1,501,548 shares in the last quarter. Capital World Investors lifted its stake in Taiwan Semiconductor Manufacturing by 1.7% during the first quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock worth $5,722,410,000 after purchasing an additional 704,804 shares during the period. Fisher Asset Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 31,060,369 shares of the semiconductor company’s stock valued at $3,230,279,000 after purchasing an additional 422,976 shares in the last quarter. Capital International Investors grew its stake in shares of Taiwan Semiconductor Manufacturing by 40.2% in the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after purchasing an additional 5,643,949 shares during the period. Finally, Van ECK Associates Corp raised its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% in 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 buying an additional 750,971 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TSM. Needham & Company LLC boosted their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Susquehanna restated a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. TD Cowen increased their target price 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. Sanford C. Bernstein lifted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Finally, Barclays upped 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 note on Wednesday, June 5th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM opened at $176.09 on Friday. The business has a fifty day moving average of $167.30 and a 200-day moving average of $157.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.01 and a twelve month high of $193.47. The firm has a market cap of $913.27 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 0.99 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $20.33 billion. During the same quarter last year, the company posted $1.14 EPS. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given 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 dividend on an annualized basis and a yield of 1.11%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 37.71%.

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.