WJ Wealth Management LLC Has $576,000 Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

WJ Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 104.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,470 shares of the semiconductor company's stock after acquiring an additional 1,776 shares during the period. WJ Wealth Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $576,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Guardian Partners Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $9,222,000. Pinnacle Investment Management Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $26,661,000. Sentry LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $222,000. Polymer Capital Management HK LTD grew its position in Taiwan Semiconductor Manufacturing by 47.7% in the 4th quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company's stock valued at $17,082,000 after purchasing an additional 27,938 shares during the period. Finally, LGT Group Foundation increased its stake in Taiwan Semiconductor Manufacturing by 1.8% during the 4th quarter. LGT Group Foundation now owns 896,921 shares of the semiconductor company's stock valued at $177,133,000 after purchasing an additional 15,719 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $228.47 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18. The company has a fifty day moving average price of $192.99 and a 200-day moving average price of $190.29. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $133.57 and a 1 year high of $228.88. The firm has a market cap of $1.18 trillion, a price-to-earnings ratio of 29.37, a PEG ratio of 1.18 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. As a group, equities research analysts predict 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 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 dividend yield of 1.14%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is 30.59%.

Wall Street Analysts Forecast Growth

TSM has been the topic of a number of recent research reports. Barclays reaffirmed an "overweight" rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a research report on Tuesday, June 17th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $222.50.

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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