Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Stock Holdings Lifted by Trajan Wealth LLC

Key Points

• Trajan Wealth LLC increased its holdings in Taiwan Semiconductor Manufacturing Company (NYSE:TSM) by 3.8%, owning a total of 243,655 shares valued at about $40.4 million.
• Taiwan Semiconductor Manufacturing reported record revenue of $30.07 billion for the recent quarter, significantly surpassing analysts' expectations and achieving a 44.4% year-over-year revenue growth.
• The company recently announced a quarterly dividend of $0.6499 per share, resulting in a 1.1% yield, with a payout ratio of 28.16%.

Trajan Wealth LLC raised its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 243,655 shares of the semiconductor company's stock after purchasing an additional 8,910 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 2.2% of Trajan Wealth LLC's holdings, making the stock its 9th biggest holding. Trajan Wealth LLC's holdings in Taiwan Semiconductor Manufacturing were worth $40,447,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its position in shares of Taiwan Semiconductor Manufacturing by 0.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company's stock worth $214,442,000 after acquiring an additional 11,693 shares during the last quarter. Pinnacle Investment Management Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $26,661,000. Sentry LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $222,000. Compound Global Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 31.2% during the first quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company's stock worth $747,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Alpha Cubed Investments LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 283.7% during the first quarter. Alpha Cubed Investments LLC now owns 194,028 shares of the semiconductor company's stock worth $32,209,000 after acquiring an additional 143,457 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of analyst reports. Barclays restated an "overweight" rating and set 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 issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Citigroup reiterated 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 stock a "positive" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $258.33.

Taiwan Semiconductor Manufacturing Stock Up 0.8%

Taiwan Semiconductor Manufacturing stock traded up $1.90 during mid-day trading on Tuesday, reaching $243.99. The stock had a trading volume of 7,294,659 shares, compared to its average volume of 12,346,192. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.15 and a current ratio of 2.37. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $248.28. The stock's 50-day simple moving average is $228.27 and its 200-day simple moving average is $197.00. The firm has a market capitalization of $1.27 trillion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced 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. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The firm had revenue of $30.07 billion during the quarter, compared to analysts' expectations of $28.50 billion. During the same quarter last year, the firm posted $1.48 earnings per share. The company's revenue for the quarter was up 44.4% compared to the same quarter last year. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) 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.