Fulton Bank N.A. Purchases 1,644 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fulton Bank N.A. raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 55.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,591 shares of the semiconductor company’s stock after purchasing an additional 1,644 shares during the period. Fulton Bank N.A.’s holdings in Taiwan Semiconductor Manufacturing were worth $798,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TSM. Arizona State Retirement System bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $1,304,000. Asset Management One Co. Ltd. increased its position in shares of Taiwan Semiconductor Manufacturing by 21.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 176,146 shares of the semiconductor company’s stock valued at $18,442,000 after buying an additional 30,955 shares during the period. International Assets Investment Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 5,620.4% during the fourth quarter. International Assets Investment Management LLC now owns 213,942 shares of the semiconductor company’s stock valued at $22,250,000 after buying an additional 210,202 shares during the period. Sowell Financial Services LLC boosted its stake in Taiwan Semiconductor Manufacturing by 1.5% during the fourth quarter. Sowell Financial Services LLC now owns 13,488 shares of the semiconductor company’s stock worth $1,409,000 after acquiring an additional 198 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in Taiwan Semiconductor Manufacturing by 1.2% during the fourth quarter. Allworth Financial LP now owns 15,713 shares of the semiconductor company’s stock worth $1,634,000 after acquiring an additional 183 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 2.0 %

Shares of Taiwan Semiconductor Manufacturing stock traded up $3.18 on Wednesday, reaching $158.57. The stock had a trading volume of 13,597,258 shares, compared to its average volume of 16,168,032. The company has a 50 day moving average price of $169.49 and a 200 day moving average price of $148.02. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $193.47. The stock has a market capitalization of $822.41 billion, a P/E ratio of 30.20, a P/E/G ratio of 0.89 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same period last year, the business earned $1.14 EPS. As a group, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. This represents a $1.95 annualized dividend and a yield of 1.23%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 36.95%.

Analyst Upgrades and Downgrades

TSM has been the topic of several analyst reports. Sanford C. Bernstein upped their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Susquehanna reaffirmed a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Needham & Company LLC increased their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Company 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.