Pacific Wealth Strategies Group Inc. Has $421,000 Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Pacific Wealth Strategies Group Inc. lessened its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 50.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,538 shares of the semiconductor company's stock after selling 2,538 shares during the period. Pacific Wealth Strategies Group Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $421,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Arbor Investment Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 13.2% during the 1st quarter. Arbor Investment Advisors LLC now owns 1,271 shares of the semiconductor company's stock worth $211,000 after buying an additional 148 shares during the period. Valley National Advisers Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.2% during the first quarter. Valley National Advisers Inc. now owns 24,708 shares of the semiconductor company's stock worth $4,100,000 after acquiring an additional 283 shares during the period. New Wave Wealth Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing by 8.9% in the 1st quarter. New Wave Wealth Advisors LLC now owns 4,409 shares of the semiconductor company's stock valued at $732,000 after acquiring an additional 359 shares in the last quarter. Albion Financial Group UT boosted its stake in Taiwan Semiconductor Manufacturing by 555.6% in the 1st quarter. Albion Financial Group UT now owns 944 shares of the semiconductor company's stock worth $157,000 after purchasing an additional 800 shares during the period. Finally, Mmbg Investment Advisors CO. increased its holdings in Taiwan Semiconductor Manufacturing by 24.0% during the 1st quarter. Mmbg Investment Advisors CO. now owns 37,267 shares of the semiconductor company's stock worth $6,212,000 after purchasing an additional 7,210 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of research reports. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research report on Tuesday, June 17th. Barclays restated an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and an average price target of $222.50.

Taiwan Semiconductor Manufacturing Stock Up 2.0%

Taiwan Semiconductor Manufacturing stock opened at $228.47 on Monday. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $133.57 and a fifty-two week high of $228.88. The firm has a market capitalization of $1.18 trillion, a PE ratio of 29.37, a P/E/G ratio of 1.18 and a beta of 1.27. The company's 50-day moving average is $192.99 and its 200-day moving average is $190.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18.

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 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 firm had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. 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 issued a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.14%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 30.59%.

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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