Diversify Wealth Management LLC Purchases 3,787 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Diversify Wealth Management LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 32.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,604 shares of the semiconductor company's stock after acquiring an additional 3,787 shares during the quarter. Diversify Wealth Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $2,567,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSM. IMG Wealth Management Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $26,000. City Holding Co. lifted its position in Taiwan Semiconductor Manufacturing by 238.0% during the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock valued at $28,000 after buying an additional 119 shares during the period. Accredited Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $31,000. Signature Resources Capital Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 138.8% during the first quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock valued at $32,000 after buying an additional 111 shares during the period. Finally, Glass Jacobson Investment Advisors llc lifted its position in Taiwan Semiconductor Manufacturing by 289.4% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company's stock valued at $36,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

TSM has been the subject of several recent research reports. Needham & Company LLC raised their price objective on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Susquehanna raised their price target on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a report on Tuesday, June 17th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Barclays restated an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $233.75.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM traded up $0.62 during trading hours on Friday, hitting $230.38. The company's stock had a trading volume of 8,805,986 shares, compared to its average volume of 15,287,141. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $237.58. The company's 50 day simple moving average is $206.45 and its two-hundred day simple moving average is $192.48. The company has a market cap of $1.19 trillion, a P/E ratio of 29.61, a price-to-earnings-growth ratio of 1.24 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.13%. Taiwan Semiconductor Manufacturing's payout ratio is 33.42%.

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.