Bank of America Corp DE Has $3.35 Billion Stake in Taiwan Semiconductor Manufacturing Company Ltd. $TSM
Bank of America Corp DE increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. by 0.8% in Q2, owning 14,805,720 shares worth $3.35 billion. Analysts have given TSM a 'Buy' rating with an average price target of $355. The company reported strong quarterly earnings, with EPS of $2.92 and revenue up 40.1% year-over-year. TSM also raised its quarterly dividend to $0.9678 per share.