Rathbones Group PLC Purchases 111,975 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• Rathbones Group PLC increased its stake in Taiwan Semiconductor Manufacturing Company by 16.8%, acquiring an additional 111,975 shares valued at approximately $129.24 million.
• Several institutional investors, including WealthCollaborative LLC and Connecticut Wealth Management LLC, have also increased their holdings in Taiwan Semiconductor, showcasing heightened interest from the financial sector.
• Analysts have a consensus rating of "Moderate Buy" for Taiwan Semiconductor, with price targets ranging from $240 to $270, indicating a generally positive outlook on the stock's performance.

Rathbones Group PLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 16.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 778,557 shares of the semiconductor company's stock after acquiring an additional 111,975 shares during the quarter. Rathbones Group PLC's holdings in Taiwan Semiconductor Manufacturing were worth $129,240,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TSM. Westpac Banking Corp raised its holdings in shares of Taiwan Semiconductor Manufacturing by 25.5% during the 1st quarter. Westpac Banking Corp now owns 41,930 shares of the semiconductor company's stock valued at $6,960,000 after buying an additional 8,510 shares in the last quarter. Trajan Wealth LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.8% during the 1st quarter. Trajan Wealth LLC now owns 243,655 shares of the semiconductor company's stock valued at $40,447,000 after buying an additional 8,910 shares in the last quarter. Trillium Asset Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 15.1% during the 1st quarter. Trillium Asset Management LLC now owns 246,599 shares of the semiconductor company's stock valued at $40,935,000 after buying an additional 32,364 shares in the last quarter. Financial Engines Advisors L.L.C. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 27.2% during the 1st quarter. Financial Engines Advisors L.L.C. now owns 1,404 shares of the semiconductor company's stock valued at $233,000 after buying an additional 300 shares in the last quarter. Finally, Cypress Capital Group raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.2% during the 1st quarter. Cypress Capital Group now owns 27,344 shares of the semiconductor company's stock valued at $4,539,000 after buying an additional 849 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Up 0.8%

Taiwan Semiconductor Manufacturing stock traded up $1.90 during trading hours on Tuesday, reaching $243.99. The company had a trading volume of 7,294,659 shares, compared to its average volume of 12,346,192. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.37 and a quick ratio of 2.15. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $248.28. The firm has a market cap of $1.27 trillion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 1.17 and a beta of 1.19. The company has a 50-day moving average price of $228.27 and a 200 day moving average price of $197.00.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The firm had revenue of $30.07 billion for the quarter, compared to analysts' expectations of $28.50 billion. During the same period in the previous year, the firm earned $1.48 earnings per share. The business's revenue was up 44.4% compared to the same quarter last year. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing's payout ratio is 28.16%.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research note on Monday, July 14th. Finally, Barclays reaffirmed an "overweight" rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $258.33.

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.