Janney Capital Management LLC Boosts Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Janney Capital Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,655 shares of the semiconductor company's stock after acquiring an additional 16,669 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 1.8% of Janney Capital Management LLC's holdings, making the stock its 8th biggest holding. Janney Capital Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $27,524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TSM. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Taiwan Semiconductor Manufacturing by 23.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,811 shares of the semiconductor company's stock valued at $1,200,000 after acquiring an additional 2,663 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 51.6% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 581,912 shares of the semiconductor company's stock valued at $50,568,000 after purchasing an additional 198,173 shares in the last quarter. Arete Wealth Advisors LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the third quarter worth about $333,000. Congress Wealth Management LLC DE grew its position in Taiwan Semiconductor Manufacturing by 2.2% in the 3rd quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company's stock valued at $2,686,000 after buying an additional 671 shares in the last quarter. Finally, Abundance Wealth Counselors bought a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth approximately $267,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on TSM. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, April 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, April 18th. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a "positive" rating in a report on Tuesday, April 2nd. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Up 2.4 %

TSM traded up $3.60 on Wednesday, reaching $155.55. 14,009,718 shares of the company traded hands, compared to its average volume of 15,219,861. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $158.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. The company has a market cap of $806.75 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 1.04 and a beta of 1.13. The stock's 50 day moving average price is $140.03 and its 200-day moving average price is $119.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.09. The business had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 25.25%. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a $0.4865 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a yield of 1.25%. Taiwan Semiconductor Manufacturing's payout ratio is 32.76%.

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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