Dearborn Partners LLC Has $581,000 Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Dearborn Partners LLC lowered its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,343 shares of the semiconductor company’s stock after selling 104 shares during the quarter. Dearborn Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $581,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TSM. GAM Holding AG grew its stake in shares of Taiwan Semiconductor Manufacturing by 314.0% in the second quarter. GAM Holding AG now owns 99,282 shares of the semiconductor company’s stock worth $17,256,000 after acquiring an additional 75,298 shares during the last quarter. Solstein Capital LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 25.4% in the 2nd quarter. Solstein Capital LLC now owns 8,401 shares of the semiconductor company’s stock valued at $1,460,000 after purchasing an additional 1,700 shares during the period. Yong Rong HK Asset Management Ltd acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter worth $26,289,000. Signature Estate & Investment Advisors LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $1,117,000. Finally, Trust Co. of Virginia VA bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $233,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM traded up $0.05 on Tuesday, hitting $169.12. The stock had a trading volume of 5,308,655 shares, compared to its average volume of 15,952,473. The company has a market capitalization of $877.13 billion, a price-to-earnings ratio of 32.23, a price-to-earnings-growth ratio of 0.98 and a beta of 1.14. 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 firm’s 50 day moving average price is $171.21 and its 200-day moving average price is $153.11. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.01 and a twelve 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 for the quarter, topping the consensus estimate of $1.37 by $0.11. The firm had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 earnings per share. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share 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 paid a $0.4871 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.15%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TSM shares. TD Cowen upped their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. 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. Sanford C. Bernstein increased 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. Susquehanna reiterated a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Finally, Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.