Revisor Wealth Management LLC Makes New $242,000 Investment in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Revisor Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,454 shares of the semiconductor company's stock, valued at approximately $242,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TSM. Novem Group lifted its stake in Taiwan Semiconductor Manufacturing by 85.0% in the first quarter. Novem Group now owns 1,752 shares of the semiconductor company's stock valued at $291,000 after buying an additional 805 shares during the period. Private Trust Co. NA increased its stake in shares of Taiwan Semiconductor Manufacturing by 22.2% in the 1st quarter. Private Trust Co. NA now owns 3,147 shares of the semiconductor company's stock valued at $522,000 after acquiring an additional 572 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 6.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 2,143 shares of the semiconductor company's stock valued at $356,000 after acquiring an additional 121 shares during the period. Pinnacle Financial Partners Inc boosted its stake in Taiwan Semiconductor Manufacturing by 9.3% during the 1st quarter. Pinnacle Financial Partners Inc now owns 3,908 shares of the semiconductor company's stock worth $649,000 after acquiring an additional 331 shares during the last quarter. Finally, Compound Global Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 31.2% during the 1st quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company's stock worth $747,000 after acquiring an additional 1,141 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 0.8%

Shares of TSM stock traded up $1.89 during trading hours on Friday, hitting $235.49. 7,779,584 shares of the company were exchanged, compared to its average volume of 15,449,890. The company has a market capitalization of $1.22 trillion, a PE ratio of 30.27, a PEG ratio of 1.21 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $237.58. The business has a 50 day moving average of $198.99 and a two-hundred day moving average of $191.22. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results 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. The firm had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is 30.59%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TSM. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research note on Tuesday, June 17th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays reiterated an "overweight" rating and set a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Finally, Needham & Company LLC increased their price target on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $233.75.

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.