Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Holdings Raised by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 43.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,919 shares of the semiconductor company's stock after purchasing an additional 2,094 shares during the quarter. FSM Wealth Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,149,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. IMG Wealth Management Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $26,000. Hopwood Financial Services Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $27,000. Accredited Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $31,000. City Holding Co. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 238.0% during the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 119 shares during the period. Finally, Glass Jacobson Investment Advisors llc increased its position in Taiwan Semiconductor Manufacturing by 289.4% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 136 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Needham & Company LLC raised their price objective on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday. Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a research note on Tuesday, June 17th. Finally, Barclays reiterated an "overweight" rating and issued a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and an average price target of $233.75.

Taiwan Semiconductor Manufacturing Stock Up 0.8%

Shares of NYSE TSM traded up $1.77 during midday trading on Thursday, reaching $235.37. 5,910,665 shares of the company's stock were exchanged, compared to its average volume of 15,429,793. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $133.57 and a 52-week high of $237.56. The business's fifty day moving average price is $197.56 and its two-hundred day moving average price is $190.99. The stock has a market capitalization of $1.22 trillion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 1.16 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted 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. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The company had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be paid a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.10%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.59%.

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.