Envestnet Portfolio Solutions Inc. Purchases 27,384 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Envestnet Portfolio Solutions Inc. grew its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 39.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,112 shares of the semiconductor company’s stock after purchasing an additional 27,384 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $16,705,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSM. Cadence Bank lifted its stake in Taiwan Semiconductor Manufacturing by 0.5% in the first quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock worth $2,041,000 after purchasing an additional 69 shares during the last quarter. ZRC Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 20.9% during the 2nd quarter. ZRC Wealth Management LLC now owns 405 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 70 shares during the period. Joel Isaacson & Co. LLC grew its position in Taiwan Semiconductor Manufacturing by 2.5% during the 1st quarter. Joel Isaacson & Co. LLC now owns 3,048 shares of the semiconductor company’s stock worth $415,000 after acquiring an additional 74 shares during the last quarter. Toth Financial Advisory Corp increased its stake in Taiwan Semiconductor Manufacturing by 3.3% in the 1st quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock worth $311,000 after purchasing an additional 74 shares during the period. Finally, Principle Wealth Partners LLC lifted its position in Taiwan Semiconductor Manufacturing by 1.3% in the first quarter. Principle Wealth Partners LLC now owns 5,940 shares of the semiconductor company’s stock valued at $808,000 after purchasing an additional 77 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 2.8 %

TSM stock traded up $4.79 during trading on Thursday, reaching $174.76. The company had a trading volume of 7,884,014 shares, compared to its average volume of 16,171,520. 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 Company Limited has a 52 week low of $84.01 and a 52 week high of $193.47. The business has a 50 day moving average of $170.85 and a 200 day moving average of $149.92. The company has a market cap of $906.38 billion, a P/E ratio of 32.80, a PEG ratio of 0.98 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.44 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.11%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.57%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TSM shares. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a 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 Wednesday. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Sanford C. Bernstein upped 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. Finally, Needham & Company LLC increased their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing 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.