OneAscent Financial Services LLC Acquires New Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

OneAscent Financial Services LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,906 shares of the semiconductor company’s stock, valued at approximately $681,000.

Other institutional investors also recently modified their holdings of the company. Capital International Investors lifted its holdings in Taiwan Semiconductor Manufacturing by 40.2% in the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after acquiring an additional 5,643,949 shares during the period. PineStone Asset Management Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 116.3% in the second quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock valued at $1,352,992,000 after acquiring an additional 4,186,133 shares during the period. Clearbridge Investments LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 669.7% in the second quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company’s stock valued at $646,832,000 after acquiring an additional 3,237,998 shares during the period. 1832 Asset Management L.P. lifted its holdings in Taiwan Semiconductor Manufacturing by 1,226.7% in the second quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company’s stock valued at $344,809,000 after acquiring an additional 1,834,298 shares during the period. Finally, Manning & Napier Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $228,200,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on TSM shares. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $187.44 on Tuesday. The stock has a market capitalization of $972.14 billion, a PE ratio of 30.04, a P/E/G ratio of 0.87 and a beta of 1.12. The business has a 50 day simple moving average of $186.28 and a two-hundred day simple moving average of $172.79. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm 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 27.44% and a net margin of 39.10%. On average, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.17%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

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.