Brighton Jones LLC Boosts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Brighton Jones LLC raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 7,722 shares of the semiconductor company’s stock after purchasing an additional 845 shares during the period. Brighton Jones LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,342,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TSM. ProVise Management Group LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 5.3% during the 2nd quarter. ProVise Management Group LLC now owns 1,769 shares of the semiconductor company’s stock valued at $307,000 after acquiring an additional 89 shares during the period. Inspire Investing LLC raised its stake in Taiwan Semiconductor Manufacturing by 32.3% during the 2nd quarter. Inspire Investing LLC now owns 11,286 shares of the semiconductor company’s stock worth $1,962,000 after acquiring an additional 2,754 shares during the period. Mark Sheptoff Financial Planning LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 94.2% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 979 shares of the semiconductor company’s stock valued at $170,000 after purchasing an additional 475 shares in the last quarter. Glass Jacobson Investment Advisors llc boosted its position in shares of Taiwan Semiconductor Manufacturing by 1,410.4% in the second quarter. Glass Jacobson Investment Advisors llc now owns 1,163 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 1,086 shares during the period. Finally, New Age Alpha Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 39.1% in the second quarter. New Age Alpha Advisors LLC now owns 98,900 shares of the semiconductor company’s stock worth $17,190,000 after purchasing an additional 27,800 shares during the period. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Susquehanna restated a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Sanford C. Bernstein boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company 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 stock an “overweight” rating in a research report on Wednesday, June 5th. TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Finally, Needham & Company LLC upped their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Trading Down 1.2 %

Shares of TSM opened at $174.04 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two 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 company’s fifty day moving average is $167.03 and its 200 day moving average is $157.84. The stock has a market capitalization of $902.64 billion, a PE ratio of 33.15, a P/E/G ratio of 0.99 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $20.33 billion. During the same period in the prior year, the company earned $1.14 EPS. The business’s revenue was up 34.6% compared to the same quarter last year. Sell-side 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 announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.4871 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.12%. Taiwan Semiconductor Manufacturing’s payout ratio is 37.71%.

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.