Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Position Boosted by Simplicity Wealth LLC

Simplicity Wealth LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 61.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,015 shares of the semiconductor company's stock after purchasing an additional 1,533 shares during the period. Simplicity Wealth LLC's holdings in Taiwan Semiconductor Manufacturing were worth $666,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 7.0% during the first quarter. GAMMA Investing LLC now owns 9,103 shares of the semiconductor company's stock worth $1,511,000 after acquiring an additional 594 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 26.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 6,977 shares of the semiconductor company's stock worth $1,158,000 after acquiring an additional 1,446 shares during the last quarter. Trust Co. of Oklahoma grew its position in shares of Taiwan Semiconductor Manufacturing by 14.0% during the first quarter. Trust Co. of Oklahoma now owns 6,586 shares of the semiconductor company's stock worth $1,093,000 after acquiring an additional 811 shares during the last quarter. Fourpath Capital Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 5.7% during the first quarter. Fourpath Capital Management LLC now owns 1,684 shares of the semiconductor company's stock worth $280,000 after acquiring an additional 91 shares during the last quarter. Finally, Regatta Capital Group LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 2.5% during the first quarter. Regatta Capital Group LLC now owns 2,624 shares of the semiconductor company's stock worth $436,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM traded down $4.36 on Friday, reaching $211.07. The company had a trading volume of 10,138,050 shares, compared to its average volume of 15,724,065. The company has a fifty day moving average of $180.24 and a 200-day moving average of $188.72. The company has a market capitalization of $1.09 trillion, a P/E ratio of 29.98, a PEG ratio of 0.66 and a beta of 1.27. 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 Company Limited has a one year low of $133.57 and a one year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The company had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. As a group, equities 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 disclosed 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 of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.23%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 30.46%.

Analyst Ratings Changes

Several research firms have recently commented on TSM. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Barclays reiterated an "overweight" rating and issued a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Finally, Needham & Company LLC reiterated 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average 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.