Mission Wealth Management LP Acquires 3,810 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mission Wealth Management LP boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 63.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,820 shares of the semiconductor company's stock after buying an additional 3,810 shares during the quarter. Mission Wealth Management LP's holdings in Taiwan Semiconductor Manufacturing were worth $1,630,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Pflug Koory LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 25.6% during the 1st quarter. Pflug Koory LLC now owns 1,090 shares of the semiconductor company's stock valued at $181,000 after acquiring an additional 222 shares during the last quarter. 1900 Wealth Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 2.9% during the first quarter. 1900 Wealth Management LLC now owns 4,257 shares of the semiconductor company's stock worth $707,000 after purchasing an additional 120 shares during the period. Cyndeo Wealth Partners LLC grew its holdings in Taiwan Semiconductor Manufacturing by 27.4% during the first quarter. Cyndeo Wealth Partners LLC now owns 68,613 shares of the semiconductor company's stock valued at $11,390,000 after purchasing an additional 14,742 shares during the last quarter. Hanson & Doremus Investment Management raised its position in shares of Taiwan Semiconductor Manufacturing by 3.0% in the first quarter. Hanson & Doremus Investment Management now owns 94,924 shares of the semiconductor company's stock valued at $15,757,000 after purchasing an additional 2,767 shares during the period. Finally, Warther Private Wealth LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 63.7% in the first quarter. Warther Private Wealth LLC now owns 130,007 shares of the semiconductor company's stock worth $21,581,000 after buying an additional 50,606 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 2.1%

TSM stock opened at $215.54 on Tuesday. The business's 50-day simple moving average is $181.73 and its 200 day simple moving average is $189.04. 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 cap of $1.12 trillion, a PE ratio of 30.62, a price-to-earnings-growth ratio of 0.66 and a beta of 1.27. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.57 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $25.82 billion for 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, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm 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 dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.21%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 33.42%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Barclays reaffirmed an "overweight" rating and issued a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $217.00.

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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