Sprucegrove Investment Management Ltd. Has $3.39 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sprucegrove Investment Management Ltd. reduced its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,500 shares of the semiconductor company’s stock after selling 2,400 shares during the quarter. Sprucegrove Investment Management Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $3,389,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Seed Wealth Management Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 1.3% in the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after purchasing an additional 57 shares during the last quarter. Keudell Morrison Wealth Management raised its holdings in Taiwan Semiconductor Manufacturing by 1.5% in the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock valued at $700,000 after acquiring an additional 59 shares during the period. Clifford Swan Investment Counsel LLC lifted its position in Taiwan Semiconductor Manufacturing by 1.4% during the second quarter. Clifford Swan Investment Counsel LLC now owns 4,798 shares of the semiconductor company’s stock worth $834,000 after acquiring an additional 66 shares during the last quarter. Cadence Bank boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.5% during the first quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock worth $2,041,000 after acquiring an additional 69 shares during the period. Finally, SNS Financial Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.4% during the second quarter. SNS Financial Group LLC now owns 2,114 shares of the semiconductor company’s stock worth $369,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 5.3 %

Shares of TSM opened at $176.09 on Friday. 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 52-week low of $84.01 and a 52-week high of $193.47. The firm has a market cap of $913.27 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 0.99 and a beta of 1.14. The business’s fifty day moving average is $167.30 and its 200-day moving average is $157.59.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released 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. The business had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% compared to the same quarter last year. During the same period last year, the firm posted $1.14 earnings per share. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a yield of 1.11%. 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 dividend payout ratio is currently 37.71%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Susquehanna restated a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Sanford C. Bernstein increased their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. 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. 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 report on Wednesday, June 5th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

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.