Blue Trust Inc. Has $13.34 Million Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Blue Trust Inc. increased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 4.1% in the 3rd quarter, Holdings Channel reports. The fund owned 47,754 shares of the semiconductor company’s stock after purchasing an additional 1,884 shares during the period. Blue Trust Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $13,337,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Foresight Capital Management Advisors Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth approximately $2,316,000. Quad Cities Investment Group LLC increased its holdings in Taiwan Semiconductor Manufacturing by 3.5% in the third quarter. Quad Cities Investment Group LLC now owns 2,528 shares of the semiconductor company’s stock worth $706,000 after buying an additional 86 shares during the last quarter. V2 Financial group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $217,000. CWM LLC raised its holdings in Taiwan Semiconductor Manufacturing by 12.2% during the third quarter. CWM LLC now owns 33,879 shares of the semiconductor company’s stock valued at $9,462,000 after buying an additional 3,682 shares in the last quarter. Finally, Busey Bank raised its stake in shares of Taiwan Semiconductor Manufacturing by 8.0% in the 3rd quarter. Busey Bank now owns 3,256 shares of the semiconductor company’s stock valued at $909,000 after acquiring an additional 240 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TSM shares. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. Sanford C. Bernstein lifted their target price on shares of Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the company an “outperform” rating in a research report on Sunday, December 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Finally, UBS Group set a $330.00 price target on Taiwan Semiconductor Manufacturing in a report on Sunday, December 7th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $355.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $298.23 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.69 and a quick ratio of 2.47. The firm has a market cap of $1.55 trillion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 1.02 and a beta of 1.31. The stock’s 50-day moving average is $292.18 and its 200-day moving average is $262.07. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $313.98.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Friday, November 14th. The semiconductor company reported $14.32 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be issued a $0.9678 dividend. This represents a $3.87 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, March 17th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 25.85%.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.