Aviso Wealth Management Increases Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

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

A number of other large investors also recently modified their holdings of TSM. R Squared Ltd increased its position in shares of Taiwan Semiconductor Manufacturing by 4,370.0% during the first quarter. R Squared Ltd now owns 4,470 shares of the semiconductor company's stock worth $742,000 after acquiring an additional 4,370 shares in the last quarter. Banco Santander S.A. lifted its stake in Taiwan Semiconductor Manufacturing by 5.7% in the first quarter. Banco Santander S.A. now owns 24,420 shares of the semiconductor company's stock valued at $4,054,000 after acquiring an additional 1,320 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 1.0% in the first quarter. PNC Financial Services Group Inc. now owns 998,797 shares of the semiconductor company's stock valued at $165,800,000 after acquiring an additional 10,190 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Taiwan Semiconductor Manufacturing by 40.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 450,390 shares of the semiconductor company's stock worth $74,765,000 after buying an additional 130,551 shares during the last quarter. Finally, Endeavor Private Wealth Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 541.7% during the 1st quarter. Endeavor Private Wealth Inc. now owns 1,309 shares of the semiconductor company's stock worth $218,000 after buying an additional 1,105 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Trading Down 2.7%

TSM traded down $6.56 during trading on Tuesday, reaching $232.44. 10,956,945 shares of the company's stock were exchanged, compared to its average volume of 15,372,459. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $248.28. 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 stock has a market capitalization of $1.21 trillion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.13 and a beta of 1.19. The firm has a fifty day moving average price of $223.13 and a two-hundred day moving average price of $196.04.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. The firm had revenue of $30.07 billion for the quarter, compared to the consensus estimate of $28.50 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. The business's revenue was up 44.4% on a year-over-year basis. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 28.16%.

About Taiwan Semiconductor Manufacturing

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.