Huntington National Bank Increases Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Huntington National Bank boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,092 shares of the semiconductor company’s stock after purchasing an additional 305 shares during the period. Huntington National Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $2,447,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth approximately $25,000. Reston Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $25,000. Olistico Wealth LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $27,000. Valley Wealth Managers Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $27,000. Finally, NewSquare Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TSM. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Down 1.3 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $186.03 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $95.25 and a twelve month high of $212.60. The stock has a market capitalization of $964.83 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 0.89 and a beta of 1.12. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $185.20 and its 200-day simple moving average is $171.59.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. The company had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $22.72 billion. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a $0.5484 dividend. This is a boost 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 yield of 1.18%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

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.