Sei Investments Co. Purchases 30,414 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sei Investments Co. grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,045,388 shares of the semiconductor company’s stock after purchasing an additional 30,414 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 0.8% of Sei Investments Co.’s portfolio, making the stock its 14th biggest holding. Sei Investments Co. owned 0.06% of Taiwan Semiconductor Manufacturing worth $529,318,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Seed Wealth Management Inc. grew 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 buying an additional 57 shares in the last quarter. Keudell Morrison Wealth Management lifted its stake 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 worth $700,000 after purchasing an additional 59 shares in the last quarter. Clifford Swan Investment Counsel LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 1.4% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 4,798 shares of the semiconductor company’s stock valued at $834,000 after purchasing an additional 66 shares in the last quarter. Cadence Bank increased its holdings in shares of Taiwan Semiconductor Manufacturing by 0.5% in the first quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock worth $2,041,000 after purchasing an additional 69 shares during the period. Finally, SNS Financial Group LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 3.4% in the second quarter. SNS Financial Group LLC now owns 2,114 shares of the semiconductor company’s stock worth $369,000 after buying an additional 69 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 1.2 %

TSM opened at $174.04 on Friday. The company has a market cap of $902.64 billion, a P/E ratio of 33.15, a P/E/G ratio of 0.99 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $193.47. The business’s 50-day moving average price is $167.03 and its 200-day moving average price is $157.84. 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 issued its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $20.33 billion. During the same quarter last year, the business earned $1.14 earnings per share. The business’s revenue was up 34.6% on a year-over-year basis. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared 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 represents a $1.95 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 37.71%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TSM shares. Sanford C. Bernstein boosted their target price 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. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Susquehanna reiterated a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Needham & Company LLC lifted their price target 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. 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.com, the stock has an average rating of “Moderate Buy” and an average target price 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.