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

In its latest report to the Securities and Exchange Commission (SEC), TD Private Client Wealth LLC announced a significant boost to its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM). The firm raised its position by 30.5% during the third quarter. Following this increase, TD Private Client Wealth LLC now owns 21,191 shares of the semiconductor giant, after purchasing an additional 4,954 shares during the quarter. By the end of this period, the value of these holdings reached approximately $3,680,000.

Other Institutional Investors Acting on TSM Shares

TD Private Client Wealth LLC is not alone in increasing its stake in Taiwan Semiconductor Manufacturing. Several other institutional investors have also made moves in the third quarter. For instance, Hobbs Group Advisors LLC boosted its shareholding by 23%, bringing their total to 2,815 shares, valued at $489,000 after acquiring 527 additional shares. Similarly, Virtue Capital Management LLC increased its holdings by 6.2%, now owning 4,081 shares worth about $709,000 after a purchase of 237 shares.

Fortem Financial Group LLC showed a much larger increase, growing its stake by an impressive 512.6% and holding 8,576 shares valued at $1,489,000 after adding 7,176 shares during the period. Sunbelt Securities Inc. and Toronto Dominion Bank also raised their holdings, owning 5,691 shares worth $988,000 and 12,398 shares valued at $2,153,000, respectively. Currently, about 16.51% of Taiwan Semiconductor's stock is held by institutional investors and hedge funds.

Analyst Opinions on TSM Stock

Taiwan Semiconductor Manufacturing has attracted attention from analysts, receiving various ratings and target price adjustments from research firms. Susquehanna reaffirmed a 'buy' rating on October 18. Shortly after, Barclays raised its target price from $215.00 to $240.00 while issuing an 'overweight' rating. Analysts at Needham & Company LLC also maintained a 'buy' rating with a target price of $210.00. However, StockNews.com downgraded its rating from 'buy' to 'hold' on November 17. Currently, the consensus among analysts is a 'Moderate Buy' rating, with an average target price set at $214.00.

Current Performance of TSM Shares

As of Thursday, TSM shares opened at $194.61. Analyzing the stock's movement, it has a 50-day moving average of $192.02 and a 200-day moving average of $177.49. Over the past year, the stock has seen a low of $98.80 and a high of $212.60. Financially, Taiwan Semiconductor displays strong metrics, including a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Its market capitalization stands at $1.01 trillion, with a price-to-earnings ratio of 31.19 and a price-to-earnings-growth ratio of 0.94.

Recent Earnings and Dividend Increase

On October 17, Taiwan Semiconductor released its quarterly earnings, reporting earnings per share (EPS) of $1.94, which exceeded the expected EPS of $1.74 by $0.20. The company generated revenue of $23.50 billion, surpassing analysts' estimates of $22.72 billion. Analysts estimate that the firm will achieve 6.95 EPS for the current fiscal year. Meanwhile, Taiwan Semiconductor announced an increase in its quarterly dividend. Shareholders will receive a payment of $0.5484 per share, reflecting a $2.19 annualized dividend and a yield of 1.13%. This represents a rise from the previous quarterly dividend of $0.49.

About Taiwan Semiconductor Manufacturing Company

Taiwan Semiconductor Manufacturing Company Limited, along with its subsidiaries, engages in the manufacturing, packaging, testing, and sale of integrated circuits and other semiconductor products globally. The company specializes in various wafer fabrication processes, offering a wide range of solutions, including complementary metal-oxide-semiconductor (CMOS) logic and mixed-signal products.

investment, semiconductors, holdings