Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Position Lifted by Wealthcare Capital Partners LLC

Wealthcare Capital Partners LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,439 shares of the semiconductor company’s stock after purchasing an additional 161 shares during the period. Wealthcare Capital Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 13.6% during the 1st quarter. Miracle Mile Advisors LLC now owns 3,415 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 409 shares during the last quarter. RDA Financial Network increased its stake in shares of Taiwan Semiconductor Manufacturing by 8.4% during the 1st quarter. RDA Financial Network now owns 12,342 shares of the semiconductor company’s stock worth $2,049,000 after purchasing an additional 952 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.9% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 14,248 shares of the semiconductor company’s stock worth $2,365,000 after purchasing an additional 399 shares during the last quarter. Wedmont Private Capital increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.6% during the 1st quarter. Wedmont Private Capital now owns 7,851 shares of the semiconductor company’s stock worth $1,233,000 after purchasing an additional 126 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.4% during the 1st quarter. UMB Bank n.a. now owns 6,118 shares of the semiconductor company’s stock worth $1,016,000 after purchasing an additional 142 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $205.10 on Friday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $174.27 and a 200 day simple moving average of $187.87. The company has a market cap of $1.06 trillion, a P/E ratio of 29.13, a P/E/G ratio of 0.66 and a beta of 1.27. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $133.57 and a 1 year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 40.51% and a return on equity of 30.47%. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.46%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TSM. Susquehanna restated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Barclays restated an “overweight” rating and set a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note 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 report on Thursday, April 17th. Finally, Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $217.00.

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.