Sterling Financial Group Inc. Invests $231,000 in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Sterling Financial Group Inc. acquired a new stake in Taiwan Semiconductor Manufacturing Company by purchasing 1,019 shares valued at approximately $231,000 in the 2nd quarter.
• Several institutional investors have increased their stakes dramatically, including New Vernon Capital Holdings II LLC, which raised its stake by 16,500.0%, now owning shares valued over $1.1 billion.
• The company has declared a new quarterly dividend of $0.8348 per share, a noticeable increase from the previous $0.65, reflecting positive returns with the dividend yield at 1.2%.

Sterling Financial Group Inc. acquired a new position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,019 shares of the semiconductor company's stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TSM. Brighton Jones LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after buying an additional 1,892 shares in the last quarter. Williams Jones Wealth Management LLC. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 30.0% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 2,233 shares of the semiconductor company's stock worth $441,000 after acquiring an additional 515 shares during the last quarter. First Heartland Consultants Inc. grew its holdings in shares of 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 valued at $244,000 after buying an additional 50 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 43.3% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 13,124 shares of the semiconductor company's stock valued at $2,592,000 after buying an additional 3,968 shares in the last quarter. Finally, Novem Group purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $187,000. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Down 1.6%

Shares of NYSE:TSM traded down $4.37 on Friday, reaching $264.27. The company had a trading volume of 17,619,494 shares, compared to its average volume of 10,617,547. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $270.54. The stock has a 50-day moving average price of $241.95 and a 200 day moving average price of $205.73. The stock has a market capitalization of $1.37 trillion, a P/E ratio of 30.13, a P/E/G ratio of 1.28 and a beta of 1.23. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. The company had revenue of $30.07 billion during the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.The business's quarterly revenue was up 44.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 earnings per share. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm 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 $0.8348 dividend. The ex-dividend date is Thursday, December 11th. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.3%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 29.42%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Needham & Company LLC reissued a "buy" rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Sunday, August 31st. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $275.00 to $325.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a research report on Monday, July 14th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $286.67.

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.