BigSur Wealth Management LLC Raises Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

BigSur Wealth Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 40.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,961 shares of the semiconductor company's stock after acquiring an additional 1,992 shares during the quarter. BigSur Wealth Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,160,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Metropolis Capital Ltd grew its holdings in Taiwan Semiconductor Manufacturing by 62.6% during the first quarter. Metropolis Capital Ltd now owns 623,621 shares of the semiconductor company's stock worth $103,521,000 after acquiring an additional 240,069 shares during the period. Signature Resources Capital Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 138.8% in the first quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 111 shares in the last quarter. Elevation Point Wealth Partners LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 3.7% in the first quarter. Elevation Point Wealth Partners LLC now owns 37,031 shares of the semiconductor company's stock valued at $6,147,000 after acquiring an additional 1,322 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 0.9% in the first quarter. Salem Investment Counselors Inc. now owns 89,523 shares of the semiconductor company's stock valued at $14,867,000 after acquiring an additional 755 shares in the last quarter. Finally, Opinicus Capital Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 5.5% in the first quarter. Opinicus Capital Inc. now owns 16,636 shares of the semiconductor company's stock valued at $2,762,000 after acquiring an additional 863 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Up 2.1%

TSM traded up $4.49 on Monday, hitting $215.59. 7,317,641 shares of the company were exchanged, compared to its average volume of 15,717,356. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.57 and a twelve month high of $226.40. The company has a market cap of $1.12 trillion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 0.66 and a beta of 1.27. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $180.24 and a two-hundred day moving average price of $188.82.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be given 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 1.21%. Taiwan Semiconductor Manufacturing's payout ratio is 30.46%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TSM shares. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Barclays restated 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. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $217.00.

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.