Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 226.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,180 shares of the semiconductor company’s stock after acquiring an additional 819 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $205,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $25,000. Olistico Wealth LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $27,000. NewSquare Capital LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $29,000. First Community Trust NA acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $33,000. Finally, LifeSteps Financial Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at approximately $27,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 1.7 %

TSM opened at $163.62 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year 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 stock’s fifty day moving average is $170.13 and its 200-day moving average is $154.88. The company has a market capitalization of $848.60 billion, a PE ratio of 31.17, a P/E/G ratio of 1.01 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 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. During the same quarter in the previous year, the business earned $1.14 EPS. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.19%. 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 37.52%.

Analyst Ratings Changes

A number of research analysts recently issued reports on TSM shares. 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. Susquehanna restated a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Needham & Company LLC boosted their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, Barclays boosted their price target 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average 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.