Exencial Wealth Advisors LLC Raises Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• Exencial Wealth Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 1.4% in Q1, totaling **87,687 shares** valued at approximately **$14.56 million**.
• The company reported **$2.47 earnings per share** for its last quarter, surpassing estimates, and a **44.4% year-over-year revenue increase** to **$30.07 billion**.
• Taiwan Semiconductor recently declared a **dividend of $0.6499** per share, with a year-to-date **dividend yield of 1.1%** and a payout ratio of **28.16%**.

Exencial Wealth Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 1.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 87,687 shares of the semiconductor company's stock after acquiring an additional 1,184 shares during the period. Exencial Wealth Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $14,556,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 55.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,306,108 shares of the semiconductor company's stock valued at $2,872,814,000 after purchasing an additional 6,180,445 shares during the last quarter. PrairieView Partners LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 39.2% in the 1st quarter. PrairieView Partners LLC now owns 710 shares of the semiconductor company's stock valued at $117,000 after buying an additional 200 shares during the last quarter. Legacy Capital Group California Inc. increased its position in Taiwan Semiconductor Manufacturing by 7.4% during the 1st quarter. Legacy Capital Group California Inc. now owns 5,806 shares of the semiconductor company's stock valued at $964,000 after purchasing an additional 398 shares during the period. Natural Investments LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 0.3% in the first quarter. Natural Investments LLC now owns 27,144 shares of the semiconductor company's stock valued at $4,505,000 after buying an additional 73 shares during the period. Finally, Twin City Private Wealth LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 6.2% during the 1st quarter. Twin City Private Wealth LLC now owns 9,482 shares of the semiconductor company's stock valued at $1,580,000 after purchasing an additional 555 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Needham & Company LLC restated a "buy" rating and issued a $270.00 price target 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. Barclays reissued an "overweight" rating and set a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Finally, Susquehanna raised their price target on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $258.33.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded up $10.90 during mid-day trading on Thursday, hitting $242.27. 17,663,962 shares of the stock traded hands, compared to its average volume of 12,151,170. The business's 50-day moving average price is $225.43 and its 200 day moving average price is $196.75. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.26 trillion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.12 and a beta of 1.19. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results 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 during the quarter, compared to analyst estimates of $28.50 billion. During the same period in the previous year, the business earned $1.48 earnings per share. The firm's quarterly revenue was up 44.4% compared to the same quarter last year. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be given a $0.6499 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 28.16%.

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.