Challenger Wealth Management Invests $698,000 in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Challenger Wealth Management bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,533 shares of the semiconductor company's stock, valued at approximately $698,000.

A number of other large investors have also bought and sold shares of TSM. Tallon Kerry Patrick purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $228,000. LaFleur & Godfrey LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $221,000. Nisa Investment Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 16.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,117 shares of the semiconductor company's stock worth $419,000 after acquiring an additional 300 shares during the period. Brighton Jones LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after acquiring an additional 1,892 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 7,121 shares of the semiconductor company's stock worth $1,406,000 after acquiring an additional 297 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 3.0%

NYSE:TSM traded up $5.83 during mid-day trading on Tuesday, reaching $197.81. 12,199,029 shares of the company's stock traded hands, compared to its average volume of 15,856,385. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.57 and a 12-month high of $226.40. The firm has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 28.10, a PEG ratio of 0.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company has a 50 day moving average price of $169.69 and a 200-day moving average price of $187.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, sell-side 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 company 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 of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.31%. Taiwan Semiconductor Manufacturing's payout ratio is 27.76%.

Analysts Set New Price Targets

TSM has been the subject of a number of analyst reports. Wall Street Zen lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Finally, Needham & Company LLC reissued a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

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.