Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Acquired by AE Wealth Management LLC

Key Points

• AE Wealth Management LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. by 12.0% during the first quarter, now owning 10,608 shares valued at $1,761,000.
• The company recently reported a quarterly earnings per share of $2.47, surpassing estimates, with revenue of $30.07 billion, an increase of 44.4% year-over-year.
• Taiwan Semiconductor Manufacturing is set to pay a quarterly dividend of $0.6499, resulting in an annualized dividend yield of 1.06%.

AE Wealth Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 12.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,608 shares of the semiconductor company's stock after acquiring an additional 1,136 shares during the quarter. AE Wealth Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,761,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TSM. Price T Rowe Associates Inc. MD boosted its position in Taiwan Semiconductor Manufacturing by 67.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company's stock valued at $2,047,065,000 after purchasing an additional 4,158,772 shares during the period. FMR LLC lifted its stake in Taiwan Semiconductor Manufacturing by 4.6% in the fourth quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock valued at $11,562,498,000 after buying an additional 2,572,488 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 36.8% during the first quarter. Jennison Associates LLC now owns 9,509,032 shares of the semiconductor company's stock valued at $1,578,499,000 after acquiring an additional 2,559,512 shares during the period. Sarasin & Partners LLP bought a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $362,773,000. Finally, Franklin Resources Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 32.3% during the fourth quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company's stock worth $1,678,283,000 after acquiring an additional 2,074,329 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Up 1.6%

Taiwan Semiconductor Manufacturing stock opened at $245.55 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $248.28. The stock has a market cap of $1.27 trillion, a price-to-earnings ratio of 28.00, a PEG ratio of 1.18 and a beta of 1.29. The company's 50-day moving average price is $217.47 and its two-hundred day moving average price is $194.75. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.34. The business had revenue of $30.07 billion during the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 34.53% and a net margin of 42.91%. The company's quarterly revenue was up 44.4% on a year-over-year basis. During the same quarter last year, the business posted $1.48 earnings per share. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors 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 1.06%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is 28.16%.

Analysts Set New Price Targets

Several analysts recently weighed in on TSM shares. Barclays reiterated an "overweight" rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Needham & Company LLC reiterated a "buy" rating and set a $270.00 price objective 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. Finally, Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.33.

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.

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