Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Holdings Lifted by Aviso Wealth Management

Key Points

• Aviso Wealth Management increased its stake in Taiwan Semiconductor Manufacturing Company (TSM) by 50.7% during the first quarter, now holding shares worth approximately $1.27 million.
• TSM reported a 2.47 EPS for the last quarter, surpassing analysts' estimates and achieving a notable 44.4% year-over-year revenue growth.
• Analyst ratings for TSM show a "Moderate Buy" consensus with a price target averaging around $258.33, indicating positive market sentiment towards the stock.

Aviso Wealth Management boosted its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 50.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,646 shares of the semiconductor company's stock after buying an additional 2,574 shares during the quarter. Aviso Wealth Management's holdings in Taiwan Semiconductor Manufacturing were worth $1,269,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TSM. Accredited Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $31,000. City Holding Co. raised its stake in shares of Taiwan Semiconductor Manufacturing by 238.0% during the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 119 shares in the last quarter. Glass Jacobson Investment Advisors llc raised its stake in shares of Taiwan Semiconductor Manufacturing by 289.4% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 136 shares in the last quarter. Signature Resources Capital Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 138.8% during the 1st quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 111 shares during the last quarter. Finally, Graybill Wealth Management LTD. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $33,000. Institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $235.28 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.18 and a current ratio of 2.37. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $248.28. The firm has a market cap of $1.22 trillion, a P/E ratio of 26.83, a P/E/G ratio of 1.16 and a beta of 1.19. The business's fifty day moving average is $222.20 and its two-hundred day moving average is $196.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 32.87% and a net margin of 42.91%. The firm's revenue was up 44.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.48 earnings per share. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm 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. This represents a $2.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 28.16%.

Taiwan Semiconductor Manufacturing 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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