Legacy Wealth Asset Management LLC Has $1.93 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Legacy Wealth Asset Management LLC lessened its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 16.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,617 shares of the semiconductor company's stock after selling 2,303 shares during the period. Legacy Wealth Asset Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,928,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. WP Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 1.2% in the 4th quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company's stock valued at $843,000 after buying an additional 50 shares in the last quarter. Heritage Wealth Advisors boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 20.0% in the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock worth $59,000 after buying an additional 50 shares during the period. First Heartland Consultants Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.2% during the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock worth $244,000 after purchasing an additional 50 shares during the period. Formidable Asset Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.2% during the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock worth $317,000 after acquiring an additional 50 shares in the last quarter. Finally, Connecticut Wealth Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.7% in the 4th quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company's stock valued at $1,465,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM traded up $1.53 on Monday, hitting $194.85. 7,423,359 shares of the company were exchanged, compared to its average volume of 15,850,653. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $133.57 and a 1-year high of $226.40. The firm has a 50 day moving average of $171.06 and a two-hundred day moving average of $187.43. The company has a market cap of $1.01 trillion, a P/E ratio of 27.68, a P/E/G ratio of 0.66 and a beta of 1.21. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share 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 analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited 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. Stockholders 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 1.33%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.46%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Needham & Company LLC reissued a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Barclays restated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $212.00.

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.