Kingsman Wealth Management Inc. Invests $333,000 in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Kingsman Wealth Management Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,008 shares of the semiconductor company's stock, valued at approximately $333,000.

Several other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th 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. Proficio Capital Partners LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 29.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,868 shares of the semiconductor company's stock worth $369,000 after buying an additional 429 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $48,000. Plancorp LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $255,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $1,029,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on TSM. Susquehanna set a $265.00 price target on shares of Taiwan Semiconductor Manufacturing and gave the stock a "positive" rating in a report on Monday, July 14th. Barclays reaffirmed an "overweight" rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Needham & Company LLC reissued a "buy" rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.33.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $239.97 on Monday. The firm has a 50-day moving average price of $212.72 and a 200-day moving average price of $193.65. The company has a market capitalization of $1.24 trillion, a price-to-earnings ratio of 27.31, a PEG ratio of 1.16 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $133.57 and a twelve month high of $248.28. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. The company had revenue of $30.07 billion during the quarter, compared to analyst estimates of $28.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 34.53%. The firm's revenue was up 44.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.48 EPS. Equities analysts expect 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 given a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.08%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 28.16%.

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.

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