New Century Financial Group LLC Has $1.80 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

New Century Financial Group LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 175.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,356 shares of the semiconductor company’s stock after purchasing an additional 6,594 shares during the period. Taiwan Semiconductor Manufacturing comprises 0.8% of New Century Financial Group LLC’s holdings, making the stock its 25th largest holding. New Century Financial Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,800,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Founders Financial Alliance LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 43.5% during the 2nd quarter. Founders Financial Alliance LLC now owns 5,004 shares of the semiconductor company’s stock worth $870,000 after acquiring an additional 1,518 shares in the last quarter. Orleans Capital Management Corp LA bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $859,000. Cetera Investment Advisers lifted its stake in Taiwan Semiconductor Manufacturing by 14.6% in the 2nd quarter. Cetera Investment Advisers now owns 439,125 shares of the semiconductor company’s stock valued at $76,324,000 after purchasing an additional 55,903 shares during the last quarter. Ted Buchan & Co bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $798,000. Finally, Truist Financial Corp lifted its stake in Taiwan Semiconductor Manufacturing by 6.3% in the 2nd quarter. Truist Financial Corp now owns 490,197 shares of the semiconductor company’s stock valued at $85,201,000 after purchasing an additional 29,084 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 2.4 %

TSM opened at $173.67 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.95 and a twelve month high of $193.47. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $167.59 and a 200-day moving average of $159.64. The stock has a market cap of $900.72 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 1.04 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, 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 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 company posted $1.14 earnings per share. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 34.6% compared to the same quarter last year. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued 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 is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 36.95%.

Analyst Upgrades and Downgrades

TSM has been the subject of several research reports. Susquehanna reissued a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Needham & Company LLC raised their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, Sanford C. Bernstein raised their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.