Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Stake Boosted by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. has increased its stake in Taiwan Semiconductor Manufacturing Company by 26.0%, acquiring an additional 17,939 shares and bringing its total holdings to 86,841 shares valued at $14,444,000.
• Taiwan Semiconductor Manufacturing reported a quarterly revenue of $30.07 billion for the latest period, which surpassed analysts' expectations, with earnings per share beating forecasts by $0.34.
• The company announced a quarterly dividend of $0.6499 per share, with an annualized yield of 1.1% due to a dividend payout ratio of 28.16%.

Atria Wealth Solutions Inc. increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 26.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,841 shares of the semiconductor company's stock after purchasing an additional 17,939 shares during the period. Atria Wealth Solutions Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $14,444,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Accredited Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $31,000. City Holding Co. grew its stake in shares of Taiwan Semiconductor Manufacturing by 238.0% in the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 119 shares in the last quarter. Glass Jacobson Investment Advisors llc increased its holdings in shares of Taiwan Semiconductor Manufacturing by 289.4% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 136 shares during the period. Signature Resources Capital Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 138.8% during the first quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 111 shares in the last quarter. Finally, Graybill Wealth Management LTD. acquired a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth about $33,000. Institutional investors own 16.51% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TSM. Barclays reiterated an "overweight" rating and issued a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a report on Monday, July 14th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Needham & Company LLC restated a "buy" rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.33.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded down $1.21 during mid-day trading on Wednesday, reaching $231.26. 9,043,067 shares of the stock were exchanged, compared to its average volume of 12,152,079. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average price of $223.83 and a 200 day moving average price of $196.30. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $248.28. The firm has a market capitalization of $1.20 trillion, a PE ratio of 26.37, a PEG ratio of 1.12 and a beta of 1.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. The company had revenue of $30.07 billion for the quarter, compared to analysts' expectations of $28.50 billion. During the same quarter in the previous year, the company posted $1.48 EPS. The business's revenue was up 44.4% compared to the same quarter last year. Research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 29.65%.

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.