Xponance Inc. Raises Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Xponance Inc. lifted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 47.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,539 shares of the semiconductor company's stock after purchasing an additional 2,758 shares during the period. Xponance Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $1,417,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Heritage Wealth Advisors raised its stake in Taiwan Semiconductor Manufacturing by 20.0% during the 4th quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock worth $59,000 after acquiring an additional 50 shares during the period. First Heartland Consultants Inc. raised its position 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 during the last quarter. Formidable Asset Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 3.2% during 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 grew 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 purchasing an additional 55 shares in the last quarter. Finally, WealthCollab LLC boosted its stake in 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 buying an additional 56 shares during the period. Institutional investors own 16.51% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Susquehanna set a $265.00 price objective on Taiwan Semiconductor Manufacturing and gave the company a "positive" rating in a report on Monday. Needham & Company LLC restated a "buy" rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Finally, Barclays restated an "overweight" rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $236.25.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM traded up $10.17 during midday trading on Thursday, reaching $247.73. 20,761,224 shares of the company's stock traded hands, compared to its average volume of 15,265,355. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $133.57 and a 1 year high of $248.59. The company has a market cap of $1.28 trillion, a P/E ratio of 31.76, a PEG ratio of 1.28 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. The company has a fifty day simple moving average of $210.05 and a two-hundred day simple moving average of $193.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The company's quarterly revenue was up 44.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 earnings per share. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal 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 given a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 31.75%.

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.