MML Investors Services LLC Has $70.71 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

MML Investors Services LLC raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 407,163 shares of the semiconductor company’s stock after buying an additional 47,003 shares during the period. MML Investors Services LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $70,712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hodges Capital Management Inc. grew its stake in Taiwan Semiconductor Manufacturing by 87.0% in the third quarter. Hodges Capital Management Inc. now owns 99,430 shares of the semiconductor company’s stock valued at $17,268,000 after purchasing an additional 46,262 shares in the last quarter. K2 Principal Fund L.P. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 228.5% during the 3rd quarter. K2 Principal Fund L.P. now owns 10,000 shares of the semiconductor company’s stock valued at $1,737,000 after buying an additional 6,956 shares during the last quarter. Headinvest LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 13.6% in the 3rd quarter. Headinvest LLC now owns 2,504 shares of the semiconductor company’s stock valued at $435,000 after buying an additional 300 shares in the last quarter. Main Management ETF Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing in the third quarter worth approximately $4,582,000. Finally, World Investment Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 32,028.6% during the third quarter. World Investment Advisors LLC now owns 382,330 shares of the semiconductor company’s stock valued at $66,399,000 after acquiring an additional 381,140 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $203.02 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $191.11 and its two-hundred day moving average price is $176.82. The firm has a market capitalization of $1.05 trillion, a P/E ratio of 32.54, a price-to-earnings-growth ratio of 0.93 and a beta of 1.09. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $97.89 and a 12-month high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.08%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

Analyst Ratings Changes

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

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.