Wealthcare Advisory Partners LLC Purchases 1,446 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Wealthcare Advisory Partners LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 26.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,977 shares of the semiconductor company's stock after purchasing an additional 1,446 shares during the period. Wealthcare Advisory Partners LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,158,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TSM. Price T Rowe Associates Inc. MD grew its holdings in Taiwan Semiconductor Manufacturing by 67.0% in 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 buying an additional 4,158,772 shares during the last quarter. FMR LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 4.6% in the 4th 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 in the last quarter. Sarasin & Partners LLP bought a new position in Taiwan Semiconductor Manufacturing during the first quarter worth about $362,773,000. Franklin Resources Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 32.3% in the 4th quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company's stock valued at $1,678,283,000 after buying an additional 2,074,329 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Taiwan Semiconductor Manufacturing by 45.2% in the 4th quarter. Northern Trust Corp now owns 6,244,965 shares of the semiconductor company's stock worth $1,233,318,000 after purchasing an additional 1,944,328 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent analyst reports. Barclays reaffirmed 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. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $217.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock traded down $4.36 during trading hours on Friday, reaching $211.07. The stock had a trading volume of 10,138,050 shares, compared to its average volume of 15,723,508. 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 50-day simple moving average of $178.83 and a 200 day simple moving average of $188.53. The stock has a market capitalization of $1.09 trillion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 0.66 and a beta of 1.27. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $133.57 and a fifty-two week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The business had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 30.46%.

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.