Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Assetmark Inc.

Assetmark Inc. increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.8% in the third quarter, HoldingsChannel reports. The firm owned 301,964 shares of the semiconductor company’s stock after acquiring an additional 10,986 shares during the quarter. Assetmark Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $52,442,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Capital World Investors grew its position in Taiwan Semiconductor Manufacturing by 1.7% during the 1st quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock worth $5,722,410,000 after purchasing an additional 704,804 shares during the period. Capital International Investors grew its holdings in Taiwan Semiconductor Manufacturing by 40.2% during the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock worth $2,679,602,000 after acquiring an additional 5,643,949 shares during the period. Van ECK Associates Corp raised its position in Taiwan Semiconductor Manufacturing by 0.7% during the third quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company’s stock valued at $3,176,423,000 after acquiring an additional 122,828 shares in the last quarter. GQG Partners LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 25.1% in the first quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company’s stock valued at $1,161,633,000 after acquiring an additional 1,710,673 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Taiwan Semiconductor Manufacturing by 3.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,873,873 shares of the semiconductor company’s stock worth $1,071,242,000 after purchasing an additional 296,892 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Up 0.0 %

TSM opened at $201.20 on Friday. The company has a market cap of $1.04 trillion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $91.60 and a twelve month high of $212.60. The company has a 50-day moving average price of $183.11 and a 200 day moving average price of $170.07. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.23.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.63 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. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is 31.09%.

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.