Fermata Advisors LLC Takes $283,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fermata Advisors LLC acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,704 shares of the semiconductor company's stock, valued at approximately $283,000.

Several other hedge funds also recently modified their holdings of the stock. LS Investment Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.9% in the 1st quarter. LS Investment Advisors LLC now owns 5,309 shares of the semiconductor company's stock valued at $881,000 after acquiring an additional 150 shares in the last quarter. HF Advisory Group LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.0% in the 1st quarter. HF Advisory Group LLC now owns 14,922 shares of the semiconductor company's stock valued at $2,477,000 after acquiring an additional 287 shares in the last quarter. Bay Rivers Group grew its holdings in shares of Taiwan Semiconductor Manufacturing by 30.4% in the 1st quarter. Bay Rivers Group now owns 2,059 shares of the semiconductor company's stock valued at $342,000 after acquiring an additional 480 shares in the last quarter. Channel Wealth LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 28.2% in the 1st quarter. Channel Wealth LLC now owns 2,872 shares of the semiconductor company's stock valued at $477,000 after acquiring an additional 632 shares in the last quarter. Finally, Matrix Trust Co grew its holdings in shares of Taiwan Semiconductor Manufacturing by 53.0% in the 1st quarter. Matrix Trust Co now owns 1,314 shares of the semiconductor company's stock valued at $218,000 after acquiring an additional 455 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Up 0.5%

Shares of TSM stock opened at $203.34 on Friday. The firm has a 50 day moving average price of $173.54 and a two-hundred day moving average price of $187.77. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.05 trillion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.57 and a 12-month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (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 the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, 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 of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.28%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.46%.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of research analyst reports. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and an average target price 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.

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