Blue Trust Inc. Has $10.71 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Blue Trust Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 75.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,608 shares of the semiconductor company’s stock after buying an additional 26,590 shares during the period. Blue Trust Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $10,708,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSM. NBC Securities Inc. grew its position in Taiwan Semiconductor Manufacturing by 8.4% during the 1st quarter. NBC Securities Inc. now owns 4,253 shares of the semiconductor company’s stock worth $578,000 after purchasing an additional 331 shares in the last quarter. Fulton Bank N.A. grew its stake in Taiwan Semiconductor Manufacturing by 9.8% in the first quarter. Fulton Bank N.A. now owns 2,947 shares of the semiconductor company’s stock valued at $401,000 after purchasing an additional 263 shares in the last quarter. RFG Advisory LLC grew its stake in Taiwan Semiconductor Manufacturing by 17.1% in the first quarter. RFG Advisory LLC now owns 2,635 shares of the semiconductor company’s stock valued at $359,000 after purchasing an additional 385 shares in the last quarter. Meyer Handelman Co. acquired a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth about $232,000. Finally, MJP Associates Inc. ADV raised its position in Taiwan Semiconductor Manufacturing by 13.2% during the first quarter. MJP Associates Inc. ADV now owns 3,146 shares of the semiconductor company’s stock valued at $428,000 after acquiring an additional 366 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of analyst reports. 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $200.78 on Friday. The company has a market capitalization of $1.04 trillion, a P/E ratio of 38.24, a P/E/G ratio of 1.13 and a beta of 1.14. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.95 and a 12 month high of $212.60. The stock has a 50 day moving average of $175.31 and a two-hundred day moving average of $164.10.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly 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 for 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 business’s revenue was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 earnings per share. As a group, equities 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 declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a $0.4871 dividend. This represents a $1.95 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 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.