SNS Financial Group LLC Has $369,000 Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

SNS Financial Group LLC raised its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,114 shares of the semiconductor company’s stock after acquiring an additional 69 shares during the quarter. SNS Financial Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $369,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TSM. Olistico Wealth LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $27,000. NewSquare Capital LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at about $29,000. First Community Trust NA bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $33,000. LifeSteps Financial Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $27,000. Finally, North Star Investment Management Corp. increased its position in Taiwan Semiconductor Manufacturing by 670.4% in the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 181 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TSM shares. Susquehanna reiterated a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. TD Cowen boosted 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. Sanford C. Bernstein raised their price objective 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. Needham & Company LLC boosted 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. Finally, 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 report on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Up 2.9 %

Shares of TSM stock traded up $4.84 on Friday, hitting $171.28. The stock had a trading volume of 12,189,133 shares, compared to its average volume of 16,057,435. The business has a 50 day moving average of $171.38 and a 200 day moving average of $152.66. The stock has a market cap of $888.33 billion, a price-to-earnings ratio of 32.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The firm’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.14%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 36.95%.

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.