Aaron Wealth Advisors LLC Boosts Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Aaron Wealth Advisors LLC increased its stake in Taiwan Semiconductor (TSM) by 36.8% in Q4, buying 9,013 shares to hold 33,522 shares worth $10.187 million, about 0.6% of the firm's portfolio and its 28th-largest position.
• Analysts are broadly positive on TSM, with MarketBeat showing an average rating of "Buy" and a $391.43 target, including three "Strong Buy" and ten "Buy" ratings; Needham raised its price target to $410.
• TSMC reported Q results of EPS $3.11 and $30.65 billion in revenue with a 45.13% net margin, a $1.77 trillion market cap, and declared a quarterly dividend of $0.9503 (annual $3.80, ~1.1% yield).

Aaron Wealth Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 36.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,522 shares of the semiconductor company's stock after buying an additional 9,013 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 0.6% of Aaron Wealth Advisors LLC's portfolio, making the stock its 28th largest position. Aaron Wealth Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $10,187,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Avantra Family Wealth Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.6% during the fourth quarter. Avantra Family Wealth Inc. now owns 4,945 shares of the semiconductor company's stock valued at $1,503,000 after acquiring an additional 78 shares during the last quarter. Newbridge Financial Services Group Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 43.5% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 921 shares of the semiconductor company's stock valued at $280,000 after acquiring an additional 279 shares during the last quarter. Crews Bank & Trust raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.0% during the fourth quarter. Crews Bank & Trust now owns 2,037 shares of the semiconductor company's stock valued at $619,000 after acquiring an additional 60 shares during the last quarter. Portside Wealth Group LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 52.2% during the fourth quarter. Portside Wealth Group LLC now owns 4,232 shares of the semiconductor company's stock valued at $1,286,000 after acquiring an additional 1,452 shares during the last quarter. Finally, Lakeshore Capital Group Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 0.5% during the fourth quarter. Lakeshore Capital Group Inc. now owns 10,196 shares of the semiconductor company's stock valued at $3,099,000 after acquiring an additional 47 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wall Street Zen raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Sunday, March 22nd. Argus raised shares of Taiwan Semiconductor Manufacturing to a "strong-buy" rating in a research note on Thursday, January 15th. Needham & Company LLC upped their price objective on shares of Taiwan Semiconductor Manufacturing from $360.00 to $410.00 and gave the company a "buy" rating in a research note on Thursday, January 15th. Freedom Capital raised shares of Taiwan Semiconductor Manufacturing to a "strong-buy" rating in a research note on Thursday, January 15th. Finally, Dbs Bank raised shares of Taiwan Semiconductor Manufacturing to a "moderate buy" rating in a research note on Friday, January 23rd. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of "Buy" and an average target price of $391.43.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $341.39 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $390.20. The company has a market cap of $1.77 trillion, a P/E ratio of 32.06, a PEG ratio of 0.93 and a beta of 1.35. The firm has a 50-day moving average of $349.34 and a 200 day moving average of $316.48. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.62 and a quick ratio of 2.42.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 45.13% and a return on equity of 34.89%. The company had revenue of $30.65 billion during the quarter. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be paid a $0.9503 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 11th. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 28.36%.

Insider Transactions at Taiwan Semiconductor Manufacturing

In related news, VP Bor-Zen Tien purchased 1,000 shares of the firm's stock in a transaction that occurred on Sunday, March 22nd. The stock was bought at an average cost of $55.93 per share, with a total value of $55,930.00. Following the completion of the purchase, the vice president directly owned 9,051 shares in the company, valued at approximately $506,222.43. This represents a 12.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.11% of the stock is currently owned by insiders.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC's service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.

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