Tyche Wealth Partners LLC Takes Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Tyche Wealth Partners LLC bought a new position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,223 shares of the semiconductor company's stock, valued at approximately $203,000.

Several other large investors have also modified their holdings of TSM. Generate Investment Management Ltd lifted its stake in Taiwan Semiconductor Manufacturing by 63.2% during the first quarter. Generate Investment Management Ltd now owns 316,025 shares of the semiconductor company's stock worth $52,460,000 after purchasing an additional 122,349 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth $117,000. NRI Wealth Management LC lifted its position in shares of Taiwan Semiconductor Manufacturing by 6.0% in the 1st quarter. NRI Wealth Management LC now owns 8,293 shares of the semiconductor company's stock worth $1,377,000 after buying an additional 470 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 11.9% in the 1st quarter. HBK Sorce Advisory LLC now owns 7,196 shares of the semiconductor company's stock valued at $1,195,000 after buying an additional 768 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 218.7% in the 1st quarter. Golden State Wealth Management LLC now owns 4,920 shares of the semiconductor company's stock valued at $817,000 after buying an additional 3,376 shares during the period. Institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TSM shares. Barclays reiterated an "overweight" rating and set a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research report on Tuesday, June 17th. Finally, Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $222.50.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM traded up $1.30 on Thursday, hitting $224.04. The stock had a trading volume of 7,972,636 shares, compared to its average volume of 15,447,819. The company's 50-day moving average is $190.02 and its two-hundred day moving average is $189.89. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $226.40. The stock has a market cap of $1.16 trillion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 1.14 and a beta of 1.27. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The business had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 30.59%.

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.