Harvard Management Co. Inc. Raises Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Harvard Management Co. Inc. grew its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 172.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 550,990 shares of the semiconductor company’s stock after purchasing an additional 348,643 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 5.8% of Harvard Management Co. Inc.’s holdings, making the stock its 6th biggest holding. Harvard Management Co. Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $95,768,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TSM. Seed Wealth Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.3% in the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after purchasing an additional 57 shares during the last quarter. Keudell Morrison Wealth Management grew its holdings in Taiwan Semiconductor Manufacturing by 1.5% during the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock worth $700,000 after acquiring an additional 59 shares during the period. Clifford Swan Investment Counsel LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 1.4% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 4,798 shares of the semiconductor company’s stock worth $834,000 after acquiring an additional 66 shares in the last quarter. Cadence Bank lifted its stake in shares of Taiwan Semiconductor Manufacturing by 0.5% in the 1st quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock valued at $2,041,000 after purchasing an additional 69 shares during the period. Finally, SNS Financial Group LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.4% during the 2nd quarter. SNS Financial Group LLC now owns 2,114 shares of the semiconductor company’s stock valued at $369,000 after purchasing an additional 69 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TSM shares. Susquehanna reissued a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Needham & Company LLC raised their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Finally, Sanford C. Bernstein boosted their price target 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Up 0.6 %

Shares of TSM stock opened at $172.50 on Monday. The firm has a market cap of $894.66 billion, a P/E ratio of 32.86, a PEG ratio of 1.00 and a beta of 1.14. The company has a 50 day moving average of $168.64 and a 200-day moving average of $156.87. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.11. The company had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The firm’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.13%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 37.71%.

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.