Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Bought by Victory Financial Group LLC

Victory Financial Group LLC increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. by 161.8% in Q2, owning 4,705 shares worth $1,066,000. Other investors also modified their holdings. TSM's stock opened at $294.64, with a market cap of $1.53 trillion. Analysts forecast growth, with a consensus "Buy" rating and target price of $371.67. TSM reported Q3 earnings of $2.92 per share, beating estimates, and increased its dividend to $0.9678 per share.

Victory Financial Group LLC increased its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 161.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,705 shares of the semiconductor company's stock after buying an additional 2,908 shares during the period. Victory Financial Group LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,066,000 as of its most recent SEC filing.

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Several other institutional investors and hedge funds have also modified their holdings of the company. Clear Street LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $3,469,000. Seaview Investment Managers LLC increased its stake in Taiwan Semiconductor Manufacturing by 1.1% in the second quarter. Seaview Investment Managers LLC now owns 60,903 shares of the semiconductor company's stock valued at $13,794,000 after purchasing an additional 639 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at $2,247,000. Gateway Wealth Partners LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $288,000. Finally, Lingotto Investment Management LLP boosted its stake in Taiwan Semiconductor Manufacturing by 10.8% in the 2nd quarter. Lingotto Investment Management LLP now owns 205,000 shares of the semiconductor company's stock worth $46,430,000 after buying an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Up 0.6%

Shares of TSM stock opened at $294.64 on Friday. The company has a quick ratio of 2.47, a current ratio of 2.69 and a debt-to-equity ratio of 0.19. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $311.37. The firm's 50 day moving average price is $291.84 and its two-hundred day moving average price is $252.55. The stock has a market cap of $1.53 trillion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 1.01 and a beta of 1.31.

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Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.33. The company had revenue of $32.36 billion during the quarter, compared to analyst estimates of $951.89 billion. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 34.34%. The business's quarterly revenue was up 40.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 earnings per share. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.9678 per share. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.83. This represents a $3.87 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, March 17th. Taiwan Semiconductor Manufacturing's payout ratio is presently 26.67%.

Wall Street Analysts Forecast Growth

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A number of research analysts have recently commented on the stock. Itau BBA Securities initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They set an "outperform" rating for the company. Needham & Company LLC restated a "buy" rating and issued a $360.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Monday, October 27th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, October 17th. Finally, Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $371.67.

Get Our Latest Research Report on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Profile

(Free Report)

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.

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