Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Holdings Lifted by Zions Bancorporation N.A.

Zions Bancorporation N.A. lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 107,023.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,211 shares of the semiconductor company’s stock after acquiring an additional 18,194 shares during the quarter. Zions Bancorporation N.A.’s holdings in Taiwan Semiconductor Manufacturing were worth $3,165,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Seed Wealth Management Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% in the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after purchasing an additional 57 shares during the period. Keudell Morrison Wealth Management increased its stake in Taiwan Semiconductor Manufacturing by 1.5% in the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock valued at $700,000 after buying an additional 59 shares during the period. Clifford Swan Investment Counsel LLC lifted its position in Taiwan Semiconductor Manufacturing by 1.4% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 4,798 shares of the semiconductor company’s stock worth $834,000 after buying an additional 66 shares in the last quarter. Cadence Bank boosted its stake in shares of Taiwan Semiconductor Manufacturing by 0.5% during the 1st quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock valued at $2,041,000 after buying an additional 69 shares during the period. Finally, SNS Financial Group LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.4% during the 2nd quarter. SNS Financial Group LLC now owns 2,114 shares of the semiconductor company’s stock valued at $369,000 after acquiring an additional 69 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TSM shares. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Susquehanna reissued a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Needham & Company LLC increased 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 lifted 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. Finally, TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $171.46 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.01 and a 1-year high of $193.47. The firm has a fifty day simple moving average of $168.87 and a 200-day simple moving average of $156.18. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $889.26 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 1.00 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The firm had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The business’s revenue was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 EPS. On average, sell-side analysts expect 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 announced 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. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.14%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.57%.

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.