Transatlantique Private Wealth LLC Has $4.05 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Transatlantique Private Wealth LLC raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,299 shares of the semiconductor company’s stock after buying an additional 884 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 1.7% of Transatlantique Private Wealth LLC’s investment portfolio, making the stock its 8th biggest position. Transatlantique Private Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,049,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TSM. Johnson Financial Group Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter worth $25,000. LifeSteps Financial Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth $27,000. Olistico Wealth LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. Finally, Valley Wealth Managers Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $174.04 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $193.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The stock has a market capitalization of $902.64 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 0.99 and a beta of 1.14. The firm has a fifty day moving average of $167.03 and a two-hundred day moving average of $157.84.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. During the same period in the prior year, the business posted $1.14 EPS. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% on a year-over-year basis. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current 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 paid a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.12%. This is a boost 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 payout ratio is presently 37.71%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Sanford C. Bernstein upped their target price 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. Susquehanna reiterated a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. TD Cowen lifted their target price 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. Needham & Company LLC upped 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. Finally, Barclays raised their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Company 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.