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Financial firm boosts TSMC stake as company reports strong earnings, beating estimates with a 42.91% net margin.
Financial Partners Group Inc. has increased its stake in Taiwan Semiconductor Manufacturing Company (TSMC) by 6.5%, while Hazlett Burt & Watson Inc. raised its holdings by 67.3%.
TSMC reported strong financial results with a net margin of 42.91% and EPS of $2.47, beating estimates.
Analysts predict a strong outlook with a "Moderate Buy" rating and an average price target of $258.33.
TSMC will pay a quarterly dividend on October 9th.
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La firma financiera aumenta la participación de TSMC a medida que la compañía reporta sólidas ganancias, superando las estimaciones con un margen neto del 42.91%.