BSW Wealth Partners boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 8.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 17,377 shares of the semiconductor company’s stock after purchasing an additional 1,336 shares during the period. BSW Wealth Partners’ holdings in Taiwan Semiconductor Manufacturing were worth $1,616,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Key Financial Inc grew its stake in shares of Taiwan Semiconductor Manufacturing by 666.7% in the first quarter. Key Financial Inc now owns 345 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 300 shares in the last quarter. America First Investment Advisors LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $33,000. MBM Wealth Consultants LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $27,000. Bogart Wealth LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 71.4% in the first quarter. Bogart Wealth LLC now owns 365 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 152 shares in the last quarter. Finally, Hall Laurie J Trustee acquired a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $36,000. Institutional investors and hedge funds own 16.51% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have commented on TSM. Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $128.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday, July 14th. Needham & Company LLC decreased their price objective on shares of Taiwan Semiconductor Manufacturing from $118.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $108.33.
Taiwan Semiconductor Manufacturing Price Performance
Taiwan Semiconductor Manufacturing stock opened at $89.60 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $59.43 and a 12-month high of $110.69. The stock has a market cap of $464.70 billion, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 3.13 and a beta of 1.07. The company has a current ratio of 2.42, a quick ratio of 2.13 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $96.47 and a 200-day simple moving average of $93.91.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last announced its quarterly earnings results on Thursday, July 20th. The semiconductor company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 43.31% and a return on equity of 32.08%. The firm had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $15.52 billion. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 4.82 EPS for the current fiscal year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 15th will be given a $0.4724 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.89 dividend on an annualized basis and a yield of 2.11%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 22.94%.
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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.
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