Ballast Advisors LLC Has $2.86 Million Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• Ballast Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing Company by 13.7%, now holding shares worth $2.86 million, making it the firm's 19th largest position.
• Taiwan Semiconductor reported Q2 earnings of $2.47 EPS, surpassing expectations of $2.13, with revenues up 44.4% year-over-year to $30.07 billion.
• The company declared a quarterly dividend of $0.6499 per share, translating to an annualized dividend yield of 1.06%, with a payout ratio of 28.16%.

Ballast Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 13.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 17,249 shares of the semiconductor company's stock after buying an additional 2,073 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 0.9% of Ballast Advisors LLC's holdings, making the stock its 19th biggest holding. Ballast Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $2,863,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. City Holding Co. grew its position in Taiwan Semiconductor Manufacturing by 238.0% in the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 119 shares in the last quarter. Accredited Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $31,000. Signature Resources Capital Management LLC raised its holdings in 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 worth $32,000 after acquiring an additional 111 shares in the last quarter. Graybill Wealth Management LTD. acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $33,000. Finally, Glass Jacobson Investment Advisors llc grew its stake in Taiwan Semiconductor Manufacturing by 289.4% in 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 in the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded down $2.89 during mid-day trading on Monday, reaching $242.71. 11,872,179 shares of the company's stock were exchanged, compared to its average volume of 11,564,402. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. The firm has a market capitalization of $1.26 trillion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.18 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $248.28. The business's fifty day simple moving average is $217.47 and its two-hundred day simple moving average is $194.66.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.34. The business had revenue of $30.07 billion during the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 34.53% and a net margin of 42.91%. The firm's revenue for the quarter was up 44.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.48 earnings per share. 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. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.07%. Taiwan Semiconductor Manufacturing's payout ratio is 28.16%.

Wall Street Analysts Forecast Growth

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

About Taiwan Semiconductor Manufacturing

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.