Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Fulton Bank N.A.

Fulton Bank N.A. grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 55.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 4,591 shares of the semiconductor company’s stock after buying an additional 1,644 shares during the period. Fulton Bank N.A.’s holdings in Taiwan Semiconductor Manufacturing were worth $798,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BOKF NA lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.8% during the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 81 shares during the period. CapWealth Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 21.1% during the fourth quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock worth $12,720,000 after purchasing an additional 21,329 shares during the period. Dodge & Cox acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $6,396,000. Fisher Asset Management LLC raised its position in Taiwan Semiconductor Manufacturing by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after acquiring an additional 442,289 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $553,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM traded up $3.18 during trading hours on Wednesday, hitting $158.57. 13,597,258 shares of the stock were exchanged, compared to its average volume of 16,168,032. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47. The company has a market cap of $822.41 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 0.89 and a beta of 1.14. The stock’s 50-day moving average price is $169.49 and its two-hundred day moving average price is $148.02. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 earnings per share. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. 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 dividend yield of 1.23%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 36.95%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TSM shares. Needham & Company LLC lifted their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Sanford C. Bernstein lifted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Susquehanna restated a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday. Finally, StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

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.