Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Trust Co. of Oklahoma

Trust Co. of Oklahoma increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,464 shares of the semiconductor company’s stock after acquiring an additional 229 shares during the period. Trust Co. of Oklahoma’s holdings in Taiwan Semiconductor Manufacturing were worth $949,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Ulland Investment Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing during the third quarter worth about $58,000. Boomfish Wealth Group LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $886,000. Michael S. Ryan Inc. increased its stake in Taiwan Semiconductor Manufacturing by 3.1% in the 3rd quarter. Michael S. Ryan Inc. now owns 3,339 shares of the semiconductor company’s stock worth $580,000 after purchasing an additional 99 shares in the last quarter. Creative Planning increased its stake in Taiwan Semiconductor Manufacturing by 8.1% in the 3rd quarter. Creative Planning now owns 495,686 shares of the semiconductor company’s stock worth $86,086,000 after purchasing an additional 37,122 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its stake in Taiwan Semiconductor Manufacturing by 20.7% in the 3rd quarter. Wesbanco Bank Inc. now owns 7,732 shares of the semiconductor company’s stock worth $1,343,000 after purchasing an additional 1,325 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TSM shares. Needham & Company LLC lifted their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Sanford C. Bernstein lifted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. 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. Finally, TD Cowen lifted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. One equities 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, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Down 2.7 %

NYSE:TSM traded down $5.28 on Tuesday, hitting $186.93. 15,951,209 shares of the company’s stock traded hands, compared to its average volume of 15,324,603. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.95 and a 1 year high of $194.25. The firm has a 50-day moving average price of $172.53 and a 200-day moving average price of $162.86. The company has a market cap of $969.50 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 1.09 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. The business 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 was up 34.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 EPS. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.04%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 35.24%.

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.