SevenOneSeven Capital Management increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 28.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,379 shares of the semiconductor company’s stock after acquiring an additional 532 shares during the quarter. SevenOneSeven Capital Management’s holdings in Taiwan Semiconductor Manufacturing were worth $286,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the business. GQG Partners LLC raised its holdings in Taiwan Semiconductor Manufacturing by 203.7% in the 2nd quarter. GQG Partners LLC now owns 9,205,116 shares of the semiconductor company’s stock valued at $1,105,795,000 after acquiring an additional 6,173,921 shares in the last quarter. Lumina Fund Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $721,000. TrinityPoint Wealth LLC raised its holdings in Taiwan Semiconductor Manufacturing by 11.5% in the 2nd quarter. TrinityPoint Wealth LLC now owns 8,778 shares of the semiconductor company’s stock valued at $1,055,000 after acquiring an additional 905 shares in the last quarter. Toroso Investments LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 24.9% in the 2nd quarter. Toroso Investments LLC now owns 100,654 shares of the semiconductor company’s stock valued at $12,095,000 after purchasing an additional 20,075 shares during the period. Finally, Kore Private Wealth LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 10.2% in the 2nd quarter. Kore Private Wealth LLC now owns 4,808 shares of the semiconductor company’s stock valued at $578,000 after purchasing an additional 445 shares during the period. 16.55% of the stock is owned by hedge funds and other institutional investors.
TSM has been the topic of several analyst reports. Susquehanna upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and upped their price objective for the company from $85.00 to $105.00 in a research note on Wednesday, June 30th. Morgan Stanley lowered Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 21st. Cowen assumed coverage on Taiwan Semiconductor Manufacturing in a research note on Monday. They issued a “market perform” rating and a $120.00 price objective on the stock. Needham & Company LLC assumed coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 13th. They set a “buy” rating and a $123.05 price target on the stock. Finally, Argus assumed coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 22nd. They set a “buy” rating and a $150.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $126.76.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. The firm had revenue of $372.15 billion for the quarter, compared to the consensus estimate of $372.58 billion. Taiwan Semiconductor Manufacturing had a return on equity of 29.17% and a net margin of 38.14%. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.66 EPS. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 13th. Stockholders of record on Friday, December 17th will be paid a $0.4941 dividend. The ex-dividend date of this dividend is Thursday, December 16th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 1.76%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 45.72%.
About Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.
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