Allspring Global Investments Holdings LLC Raises Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Allspring Global Investments Holdings LLC raised its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,082,765 shares of the semiconductor company's stock after buying an additional 80,101 shares during the period. Taiwan Semiconductor Manufacturing comprises about 1.1% of Allspring Global Investments Holdings LLC's portfolio, making the stock its 7th biggest position. Allspring Global Investments Holdings LLC owned 0.08% of Taiwan Semiconductor Manufacturing worth $709,054,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in shares of Taiwan Semiconductor Manufacturing by 53.4% in the 1st quarter. Van ECK Associates Corp now owns 17,416,194 shares of the semiconductor company's stock worth $2,369,473,000 after purchasing an additional 6,060,511 shares during the period. Capital International Investors lifted its holdings in Taiwan Semiconductor Manufacturing by 40.2% in the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company's stock valued at $2,679,602,000 after buying an additional 5,643,949 shares during the period. PineStone Asset Management Inc. boosted its position in Taiwan Semiconductor Manufacturing by 116.3% during the second quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company's stock valued at $1,352,992,000 after acquiring an additional 4,186,133 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Taiwan Semiconductor Manufacturing by 669.7% during the 2nd quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company's stock worth $646,832,000 after acquiring an additional 3,237,998 shares during the period. Finally, 1832 Asset Management L.P. raised its position in shares of Taiwan Semiconductor Manufacturing by 1,226.7% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company's stock worth $344,809,000 after acquiring an additional 1,834,298 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock traded down $5.06 on Friday, reaching $200.78. 21,030,823 shares of the company traded hands, compared to its average volume of 15,334,901. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The firm has a market capitalization of $1.04 trillion, a PE ratio of 32.18, a PEG ratio of 1.16 and a beta of 1.14. The company has a 50 day moving average of $175.31 and a 200 day moving average of $164.42. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.95 and a 52 week high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.97% and a net margin of 39.10%. The business's revenue for the quarter was up 34.6% on a year-over-year basis. During the same period last year, the business posted $1.14 earnings per share. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.63 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.4871 dividend. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing's payout ratio is currently 31.57%.

Analysts Set New Price Targets

TSM has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Susquehanna restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Finally, TD Cowen boosted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a "hold" rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $200.00.

About Taiwan Semiconductor Manufacturing

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.