Connectus Wealth LLC Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Connectus Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) during the fourth quarter, HoldingsChannel.com reports. The firm bought 15,435 shares of the semiconductor company’s stock, valued at approximately $1,859,000.

Other institutional investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc acquired a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $32,000. Asset Dedication LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 176.2% in the 4th quarter. Asset Dedication LLC now owns 290 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 185 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $37,000. Eagle Bay Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 66.3% in the 3rd quarter. Eagle Bay Advisors LLC now owns 316 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 126 shares during the last quarter. Finally, McIlrath & Eck LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 78.4% in the 3rd quarter. McIlrath & Eck LLC now owns 330 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 145 shares during the last quarter.

TSM has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $120.00 to $125.00 in a research report on Tuesday, January 11th. Atlantic Securities raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $125.00 to $170.00 in a research report on Thursday, January 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 14th. Finally, DZ Bank began coverage on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, January 12th. They issued a “buy” rating and a $145.00 target price on the stock. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $135.50.

TSM traded down $0.21 during midday trading on Tuesday, reaching $93.55. 303,916 shares of the company’s stock were exchanged, compared to its average volume of 12,001,504. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.86 and a current ratio of 2.12. The business’s 50-day moving average price is $102.61 and its 200 day moving average price is $114.75. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $90.22 and a 1-year high of $145.00.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last issued its quarterly earnings results on Thursday, April 14th. The semiconductor company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $491.08 billion during the quarter, compared to the consensus estimate of $471.53 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.44% and a return on equity of 31.70%. The company’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 5.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Friday, June 17th will be issued a $0.3897 dividend. The ex-dividend date is Thursday, June 16th. This represents a $1.56 dividend on an annualized basis and a yield of 1.67%. Taiwan Semiconductor Manufacturing’s payout ratio is 32.89%.

Taiwan Semiconductor Manufacturing Profile (Get Rating)

Taiwan Semiconductor Manufacturing Company Limited 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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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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