One Capital Management LLC Acquires Shares of 29,575 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

One Capital Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,575 shares of the semiconductor company’s stock, valued at approximately $5,140,000.

A number of other institutional investors have also modified their holdings of the business. Menard Financial Group LLC boosted its stake in Taiwan Semiconductor Manufacturing by 46.8% during the 2nd quarter. Menard Financial Group LLC now owns 7,375 shares of the semiconductor company’s stock worth $1,282,000 after purchasing an additional 2,351 shares during the period. Capital Wealth Planning LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 9.1% in the second quarter. Capital Wealth Planning LLC now owns 8,797 shares of the semiconductor company’s stock valued at $1,529,000 after buying an additional 735 shares during the last quarter. Angeles Investment Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 37.8% during the second quarter. Angeles Investment Advisors LLC now owns 9,518 shares of the semiconductor company’s stock worth $1,656,000 after buying an additional 2,611 shares during the period. Greenwich Wealth Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.9% during the second quarter. Greenwich Wealth Management LLC now owns 7,675 shares of the semiconductor company’s stock worth $1,334,000 after buying an additional 145 shares during the last quarter. Finally, Rathbones Group PLC increased its position in Taiwan Semiconductor Manufacturing by 25.0% in the 2nd quarter. Rathbones Group PLC now owns 653,497 shares of the semiconductor company’s stock valued at $113,584,000 after acquiring an additional 130,635 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of recent research reports. 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 research report on Monday, July 15th. Susquehanna reaffirmed a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Sanford C. Bernstein raised their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Finally, Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Down 2.0 %

NYSE:TSM opened at $169.08 on Tuesday. The stock has a market capitalization of $876.92 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 1.00 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $193.47. The stock has a fifty day moving average price of $168.29 and a two-hundred day moving average price of $157.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47.

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 analysts’ consensus estimates of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The business’s revenue was up 34.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 EPS. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share 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 paid a dividend of $0.4871 per share. 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. This represents a $1.95 annualized dividend and a dividend yield of 1.15%. Taiwan Semiconductor Manufacturing’s payout ratio is 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.