Thurston Springer Miller Herd & Titak Inc. Acquires 1,359 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Thurston Springer Miller Herd & Titak Inc. increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 22.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,383 shares of the semiconductor company's stock after purchasing an additional 1,359 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $1,226,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Stonebridge Financial Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $25,000. IMG Wealth Management Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth $26,000. Hopwood Financial Services Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $27,000. Accredited Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $31,000. Finally, Roxbury Financial LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $29,000. 16.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Needham & Company LLC reissued a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an "overweight" rating in a report on Tuesday. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and an average target price of $217.00.

Taiwan Semiconductor Manufacturing Stock Up 0.5%

Shares of TSM opened at $203.34 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $133.57 and a 1 year high of $226.40. The business's 50 day simple moving average is $173.54 and its 200-day simple moving average is $187.77.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $834.10 billion. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.28%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.46%.

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.

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