Keybank National Association OH Grows Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Keybank National Association OH increased its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,751 shares of the semiconductor company's stock after purchasing an additional 2,302 shares during the period. Keybank National Association OH's holdings in Taiwan Semiconductor Manufacturing were worth $6,765,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSM. Heritage Wealth Advisors lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 20.0% in the 4th quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock valued at $59,000 after purchasing an additional 50 shares during the last quarter. First Heartland Consultants Inc. increased its position in Taiwan Semiconductor Manufacturing by 4.2% during the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock worth $244,000 after buying an additional 50 shares during the period. Formidable Asset Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 3.2% in the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock valued at $317,000 after buying an additional 50 shares during the last quarter. Connecticut Wealth Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.7% in the fourth quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company's stock valued at $1,465,000 after acquiring an additional 55 shares during the period. Finally, WealthCollab LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 6.7% during the fourth quarter. WealthCollab LLC now owns 891 shares of the semiconductor company's stock worth $176,000 after acquiring an additional 56 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on TSM. Needham & Company LLC upped their price target on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday. Susquehanna lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research note on Tuesday, June 17th. Barclays reiterated an "overweight" rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Finally, Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and a consensus price target of $233.75.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $235.49 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18. The stock has a fifty day moving average price of $198.99 and a 200 day moving average price of $191.22. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $133.57 and a 1-year high of $237.58. The company has a market cap of $1.22 trillion, a PE ratio of 30.27, a P/E/G ratio of 1.21 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The company had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.10%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 30.59%.

Taiwan Semiconductor Manufacturing Company 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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