AllSquare Wealth Management LLC Acquires 1,360 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

AllSquare Wealth Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 74.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,195 shares of the semiconductor company's stock after purchasing an additional 1,360 shares during the period. AllSquare Wealth Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $530,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Heritage Wealth Advisors raised its stake in shares of Taiwan Semiconductor Manufacturing by 20.0% in the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock worth $59,000 after purchasing an additional 50 shares during the last quarter. First Heartland Consultants Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.2% in the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock valued at $244,000 after purchasing an additional 50 shares during the last quarter. Formidable Asset Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.2% during the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock worth $317,000 after buying an additional 50 shares during the period. Connecticut Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 0.7% in the fourth quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company's stock valued at $1,465,000 after purchasing an additional 55 shares during the period. Finally, WealthCollab LLC raised its stake in Taiwan Semiconductor Manufacturing by 6.7% in the fourth quarter. WealthCollab LLC now owns 891 shares of the semiconductor company's stock valued at $176,000 after buying an additional 56 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded down $3.66 on Tuesday, hitting $235.19. 7,632,157 shares of the company's stock were exchanged, compared to its average volume of 15,714,698. The firm has a market cap of $1.22 trillion, a PE ratio of 26.86, a P/E/G ratio of 1.16 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $133.57 and a twelve month high of $248.28. The stock has a fifty day moving average of $212.72 and a two-hundred day moving average of $193.65. 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 posted its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 34.53%. The business had revenue of $30.07 billion for the quarter, compared to analyst estimates of $28.50 billion. During the same quarter last year, the business earned $1.48 earnings per share. The business's revenue for the quarter was up 44.4% on a year-over-year basis. On average, research 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 disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 29.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Barclays reissued an "overweight" rating and set a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Susquehanna set a $265.00 target price on Taiwan Semiconductor Manufacturing and gave the company a "positive" rating in a research note on Monday, July 14th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $258.33.

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.

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