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ROI Financial Advisors LLC Has $4.01 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Taiwan Semiconductor Manufacturing logo with Computer and Technology background

Key Points

  • ROI Financial Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (TSM) by 5.6%, holding a total of 24,136 shares valued at approximately $4.01 million.
  • Taiwan Semiconductor reported a significant 44.4% year-over-year increase in revenue for the last quarter, generating $30.07 billion with an earnings per share (EPS) of $2.47.
  • Several analysts have raised their price targets for TSM, with Barclays setting a new target price of $240.00, reflecting a positive outlook on the company's stock performance.
  • MarketBeat previews top five stocks to own in September.

ROI Financial Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,136 shares of the semiconductor company's stock after buying an additional 1,277 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 2.9% of ROI Financial Advisors LLC's holdings, making the stock its 15th biggest position. ROI Financial Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $4,007,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. NBZ Investment Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 16.5% in the first quarter. NBZ Investment Advisors LLC now owns 1,447 shares of the semiconductor company's stock worth $240,000 after acquiring an additional 205 shares in the last quarter. Sfmg LLC bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth approximately $204,000. Strategic Investment Solutions Inc. IL grew its position in Taiwan Semiconductor Manufacturing by 47.1% in the first quarter. Strategic Investment Solutions Inc. IL now owns 300 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 96 shares in the last quarter. IPG Investment Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 111.1% in the first quarter. IPG Investment Advisors LLC now owns 3,771 shares of the semiconductor company's stock worth $628,000 after acquiring an additional 1,985 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in Taiwan Semiconductor Manufacturing by 1.3% in the first quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 145,518 shares of the semiconductor company's stock worth $24,156,000 after acquiring an additional 1,879 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 opened at $235.28 on Monday. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $222.20 and a 200 day simple moving average of $195.85. The company has a market cap of $1.22 trillion, a P/E ratio of 26.83, a P/E/G ratio of 1.13 and a beta of 1.19. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $133.57 and a 1 year high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.34. The business had revenue of $30.07 billion during the quarter, compared to the consensus estimate of $28.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. Taiwan Semiconductor Manufacturing's quarterly revenue was up 44.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 EPS. On average, sell-side analysts predict 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. 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 dividend on an annualized basis and a yield of 1.1%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 28.16%.

Analysts Set New Price Targets

Several analysts have commented on TSM shares. Barclays reissued an "overweight" rating and issued a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research report on Monday, July 14th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and a consensus target price of $258.33.

Read Our Latest Analysis on TSM

Taiwan Semiconductor Manufacturing Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report).

Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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