Bellecapital International Ltd. Has $25.39 Million Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Bellecapital International Ltd. increased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. by 808.2% during the second quarter, now owning 112,081 shares valued at approximately $25.39 million.
• Notable price targets for Taiwan Semiconductor include an increase from analysts at Susquehanna to $400 and Needham maintaining a $270 target, with a consensus rating of "Moderate Buy".
• The company has recently announced a quarterly dividend increase to $0.8348 per share, representing a yield of 1.1% with a payout ratio of 29.99%.

Bellecapital International Ltd. raised its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 808.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 112,081 shares of the semiconductor company's stock after purchasing an additional 99,740 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 4.5% of Bellecapital International Ltd.'s portfolio, making the stock its 4th largest holding. Bellecapital International Ltd.'s holdings in Taiwan Semiconductor Manufacturing were worth $25,385,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. 1248 Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $28,000. Graybill Wealth Management LTD. bought a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $33,000. Vision Financial Markets LLC bought a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $33,000. Keener Financial Planning LLC bought a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $39,000. Finally, Hemington Wealth Management grew its holdings in Taiwan Semiconductor Manufacturing by 78.2% during the first quarter. Hemington Wealth Management now owns 253 shares of the semiconductor company's stock valued at $41,000 after purchasing an additional 111 shares during the period. 16.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Susquehanna raised their price target on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a "positive" rating in a report on Friday, October 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Itau BBA Securities assumed coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They issued an "outperform" rating for the company. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, October 9th. Finally, Wall Street Zen raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $333.33.

Taiwan Semiconductor Manufacturing Trading Up 3.2%

NYSE TSM opened at $305.48 on Thursday. The stock's 50-day simple moving average is $259.95 and its two-hundred day simple moving average is $219.85. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $307.30. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 34.83, a PEG ratio of 1.41 and a beta of 1.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.The business had revenue of $30.07 billion for the quarter, compared to the consensus estimate of $28.50 billion. During the same quarter last year, the business posted $1.48 earnings per share. The company's revenue for the quarter was up 44.4% on a year-over-year basis. Research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be paid a dividend of $0.8348 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, December 11th. Taiwan Semiconductor Manufacturing's payout ratio is 29.99%.

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.

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