Barlow Wealth Partners Inc. Grows Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Barlow Wealth Partners Inc. significantly increased its stake in Taiwan Semiconductor Manufacturing Company (TSM) by 2,246.8%, owning a total of 81,482 shares valued at approximately $19 million.
• Taiwan Semiconductor's stock performance remains strong, with a market capitalization of $1.58 trillion and a recent quarterly revenue of $30.07 billion, surpassing analyst forecasts.
• The company has declared a quarterly dividend of $0.8348, which is an increase from the previous dividend and represents a yield of 1.1%.

Barlow Wealth Partners Inc. lifted its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 2,246.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,482 shares of the semiconductor company's stock after buying an additional 78,010 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 2.3% of Barlow Wealth Partners Inc.'s holdings, making the stock its 19th largest holding. Barlow Wealth Partners Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $19,034,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Activest Wealth Management increased its holdings in shares of Taiwan Semiconductor Manufacturing by 890.0% in the second quarter. Activest Wealth Management now owns 495 shares of the semiconductor company's stock worth $112,000 after buying an additional 445 shares during the period. WCM Investment Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% in the second quarter. WCM Investment Management LLC now owns 10,058,659 shares of the semiconductor company's stock worth $2,299,108,000 after buying an additional 324,615 shares during the period. Evernest Financial Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $305,000. Tower Wealth Partners Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% in the second quarter. Tower Wealth Partners Inc. now owns 1,786 shares of the semiconductor company's stock worth $405,000 after buying an additional 74 shares during the period. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $1,534,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $305.48 on Thursday. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The business's 50 day moving average price is $259.95 and its 200-day moving average price is $219.85. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $134.25 and a 52 week high of $307.30. The stock has a market cap of $1.58 trillion, a P/E ratio of 34.83, a P/E/G ratio of 1.41 and a beta of 1.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.The firm had revenue of $30.07 billion for the quarter, compared to analysts' expectations of $28.50 billion. During the same period in the previous year, the firm posted $1.48 EPS. The business's revenue for the quarter was up 44.4% compared to the same quarter last year. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be given a $0.8348 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing's payout ratio is presently 29.99%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TSM shares. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, October 9th. Weiss Ratings restated a "hold (c+)" rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 8th. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. Needham & Company LLC restated a "buy" rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Finally, Itau BBA Securities started coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They set an "outperform" rating on the stock. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $333.33.

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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