Veracity Capital LLC Raises Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Veracity Capital LLC raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,177 shares of the semiconductor company’s stock after acquiring an additional 963 shares during the quarter. Veracity Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,112,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TSM. Toronto Dominion Bank lifted its stake in Taiwan Semiconductor Manufacturing by 4.7% in the third quarter. Toronto Dominion Bank now owns 14,176 shares of the semiconductor company’s stock worth $1,232,000 after acquiring an additional 631 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Taiwan Semiconductor Manufacturing by 1.9% in the 3rd quarter. Truist Financial Corp now owns 444,030 shares of the semiconductor company’s stock valued at $38,586,000 after acquiring an additional 8,417 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 41,674 shares of the semiconductor company’s stock valued at $3,621,000 after acquiring an additional 1,724 shares during the period. Adage Capital Partners GP L.L.C. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $23,898,000. Finally, Lido Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 5.7% in the 3rd quarter. Lido Advisors LLC now owns 148,133 shares of the semiconductor company’s stock valued at $12,873,000 after buying an additional 7,952 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM traded up $6.79 during trading hours on Thursday, reaching $182.49. 11,808,737 shares of the company’s stock traded hands, compared to its average volume of 15,203,722. The business’s fifty day simple moving average is $158.44 and its two-hundred day simple moving average is $136.39. The firm has a market capitalization of $946.47 billion, a price-to-earnings ratio of 34.76, a P/E/G ratio of 1.20 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.01 and a twelve month high of $184.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. The business had revenue of $18.87 billion during the quarter, compared to analyst estimates of $18.38 billion. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. The ex-dividend date of this dividend is Thursday, September 12th. This is an increase 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 1.07%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.76%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Sanford C. Bernstein boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $173.60.

About Taiwan Semiconductor Manufacturing

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.