Nia Impact Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,054 shares of the semiconductor company’s stock after purchasing an additional 1,654 shares during the period. Taiwan Semiconductor Manufacturing comprises 3.5% of Nia Impact Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Nia Impact Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $7,096,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 29.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,666 shares of the semiconductor company’s stock worth $680,000 after purchasing an additional 1,298 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 13.9% during the second quarter. Ancora Advisors LLC now owns 1,919 shares of the semiconductor company’s stock worth $231,000 after purchasing an additional 234 shares during the last quarter. King Luther Capital Management Corp bought a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $226,000. Wedgewood Partners Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $14,203,000. Finally, Anson Funds Management LP bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $1,202,000. Institutional investors own 16.55% of the company’s stock.
Several analysts recently commented on TSM shares. Susquehanna upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and upped their target price for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Argus started coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, June 22nd. They issued a “buy” rating and a $150.00 target price on the stock. Morgan Stanley cut Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a report on Monday, June 21st. Needham & Company LLC began coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, July 13th. They issued a “buy” rating and a $123.05 target price on the stock. Finally, Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Thursday, September 16th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Hold” and an average price target of $126.76.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. The business had revenue of $372.15 billion during the quarter, compared to analyst estimates of $372.58 billion. Taiwan Semiconductor Manufacturing had a return on equity of 29.17% and a net margin of 38.14%. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.66 EPS. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 13th. Investors of record on Friday, December 17th will be given a $0.4941 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.98 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Thursday, December 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 45.72%.
Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.
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