TD Private Client Wealth LLC Increases Stake in Taiwan Semiconductor Manufacturing Company

TD Private Client Wealth LLC has increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 30.5% during the third quarter, as stated in its latest filing with the Securities and Exchange Commission (SEC). After purchasing an additional 4,954 shares, TD Private Client Wealth now owns a total of 21,191 shares of the semiconductor firm's stock, valued at approximately $3,680,000 by the close of the last quarter.

Other Institutional Investors' Activities

Alongside TD Private Client Wealth LLC, multiple institutional investors have been active in trading shares of Taiwan Semiconductor Manufacturing. Hobbs Group Advisors LLC expanded its position by 23.0%, now holding 2,815 shares valued at $489,000 after adding 527 shares in the last quarter. Similarly, Virtue Capital Management LLC increased its stake by 6.2%, bringing its total to 4,081 shares worth $709,000 following a purchase of 237 shares.

In a more significant increase, Fortem Financial Group LLC grew its holdings by an astonishing 512.6%, now owning 8,576 shares valued at $1,489,000 after acquiring an additional 7,176 shares. Sunbelt Securities Inc. also increased its stake in Taiwan Semiconductor by 1.9%, now holding 5,691 shares worth $988,000 after purchasing 104 more shares during the quarter. Finally, Toronto Dominion Bank raised its position by 23.2%, now owning 12,398 shares valued at $2,153,000 after buying 2,331 shares.

Currently, institutional investors and hedge funds collectively own 16.51% of Taiwan Semiconductor's stock.

Market Analysts’ Outlook

Research firms have been vocal about their perspectives on TSM. Susquehanna reaffirmed a "buy" rating for the company on October 18th. Meanwhile, Barclays revised their target price for Taiwan Semiconductor from $215.00 to $240.00, maintaining an "overweight" rating in their report dated November 18th. Needham & Company LLC also reiterated a "buy" rating and set a price target of $210.00 on October 17th. However, StockNews.com downgraded TSM from a "buy" to a "hold" rating on November 17th.

Overall, analysts have provided mixed reviews: two have rated the stock as a hold, while four suggest a buy. As a result, Taiwan Semiconductor now holds a consensus rating of "Moderate Buy" and a target price consensus of $214.00, according to MarketBeat data.

Stock Performance Overview

On Thursday, shares of TSM opened at $194.61. The stock has fluctuated with a 50-day moving average of $192.02 and a 200-day average of $177.49. TSM has recorded a 52-week low of $98.80 and a high of $212.60. Key financial ratios include a quick ratio of 2.30, a current ratio of 2.57, and a debt-to-equity ratio of 0.24. The company boasts a market capitalization of $1.01 trillion, a price-to-earnings ratio of 31.19, and a price-to-earnings-growth ratio of 0.94.

Recent Quarterly Results and Dividend Increase

Taiwan Semiconductor recently announced its quarterly earnings on October 17th, reporting earnings per share (EPS) of $1.94, surpassing consensus estimates of $1.74 by $0.20. The revenue achieved was $23.50 billion against expectations of $22.72 billion. With a net margin of 39.10% and a return on equity of 27.44%, the company’s overall performance was robust. Analysts project an EPS of 6.95 for the current fiscal year.

Furthermore, Taiwan Semiconductor announced a quarterly dividend to be distributed on April 10th, payable to shareholders who are on record as of March 18th. The dividend will be $0.5484 per share, translating to an annualized dividend of $2.19, which yields 1.13%. This marks an increase from the previous quarterly dividend of $0.49, reflecting a dividend payout ratio of 31.57%.

About Taiwan Semiconductor Manufacturing Company

Taiwan Semiconductor Manufacturing Company Limited operates as a leading manufacturer and seller of integrated circuits and other semiconductor devices. With a global presence in regions including Taiwan, China, Europe, and the United States, TSMC provides a diversity of wafer fabrication processes.

investment, semiconductors, dividends