Enterprise Financial Services Corp Acquires 513 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Enterprise Financial Services Corp grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 10.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,310 shares of the semiconductor company’s stock after purchasing an additional 513 shares during the period. Enterprise Financial Services Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $639,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TSM. Curi Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $28,000. Bell Investment Advisors Inc bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $32,000. Eagle Bay Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 66.3% in the 3rd quarter. Eagle Bay Advisors LLC now owns 316 shares of the semiconductor company’s stock worth $35,000 after buying an additional 126 shares during the last quarter. Asset Dedication LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 176.2% in the 4th quarter. Asset Dedication LLC now owns 290 shares of the semiconductor company’s stock worth $35,000 after buying an additional 185 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $37,000.

TSM has been the topic of several research reports. StockNews.com assumed coverage on Taiwan Semiconductor Manufacturing in a research report on Thursday, March 31st. They set a “buy” rating on the stock. lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Zacks Investment Research downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 14th. Finally, Morgan Stanley raised shares of Taiwan Semiconductor Manufacturing from an “equal weight” rating to an “overweight” rating in a report on Monday, February 7th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Buy” and a consensus price target of $135.50.

NYSE:TSM traded up $1.15 during trading hours on Wednesday, hitting $89.87. 185,662 shares of the stock traded hands, compared to its average volume of 13,260,126. The company has a quick ratio of 1.86, a current ratio of 2.09 and a debt-to-equity ratio of 0.28. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $85.39 and a 1 year high of $145.00. The company has a market cap of $466.07 billion, a price-to-earnings ratio of 19.80 and a beta of 0.94. The stock has a 50 day moving average price of $97.76 and a 200 day moving average price of $112.01.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last released its quarterly earnings data on Thursday, April 14th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.09. The firm had revenue of $491.08 billion for the quarter, compared to analysts’ expectations of $471.53 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.44% and a return on equity of 30.84%. The company’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 5.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 16th will be given a dividend of $0.4625 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.85 annualized dividend and a dividend yield of 2.06%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.89%.

Taiwan Semiconductor Manufacturing Company Profile (Get Rating)

Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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