Private Trust Co. NA Buys 764 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Private Trust Co. NA grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 12.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 6,958 shares of the semiconductor company’s stock after purchasing an additional 764 shares during the period. Private Trust Co. NA’s holdings in Taiwan Semiconductor Manufacturing were worth $725,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of TSM. Allspring Global Investments Holdings LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $790,585,000. GQG Partners LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 60.8% in the 4th quarter. GQG Partners LLC now owns 13,539,439 shares of the semiconductor company’s stock worth $1,628,657,000 after buying an additional 5,117,716 shares during the last quarter. Pendal Group Ltd boosted its stake in shares of Taiwan Semiconductor Manufacturing by 697.5% in the 4th quarter. Pendal Group Ltd now owns 4,823,210 shares of the semiconductor company’s stock worth $161,608,000 after buying an additional 4,218,455 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Taiwan Semiconductor Manufacturing by 48.5% in the 4th quarter. Schroder Investment Management Group now owns 11,261,583 shares of the semiconductor company’s stock worth $270,976,000 after buying an additional 3,679,759 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 106.7% in the fourth quarter. Brown Advisory Inc. now owns 6,683,041 shares of the semiconductor company’s stock valued at $804,038,000 after purchasing an additional 3,449,754 shares during the last quarter.

TSM has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 14th. downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. StockNews.com started coverage on Taiwan Semiconductor Manufacturing in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Loop Capital started coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus price target of $137.50.

Taiwan Semiconductor Manufacturing stock opened at $84.91 on Thursday. The stock has a market cap of $440.35 billion, a P/E ratio of 18.62 and a beta of 0.94. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $83.95 and a fifty-two week high of $145.00. The firm’s fifty day moving average price is $91.94 and its 200-day moving average price is $107.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.85 and a current ratio of 2.09.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last released its quarterly earnings results on Thursday, April 14th. The semiconductor company reported $1.40 earnings per share for the quarter, topping 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 business’s quarterly revenue was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 5.93 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 16th will be issued a $0.4625 dividend. The ex-dividend date is Thursday, September 15th. This represents a $1.85 annualized dividend and a dividend yield of 2.18%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.46%.

About Taiwan Semiconductor Manufacturing (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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