Yarger Wealth Strategies LLC Invests $239,000 in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Yarger Wealth Strategies LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the first quarter, HoldingsChannel reports. The fund acquired 1,441 shares of the semiconductor company’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Sapient Capital LLC increased its holdings in Taiwan Semiconductor Manufacturing by 1,056.5% in the 1st quarter. Sapient Capital LLC now owns 132,166 shares of the semiconductor company’s stock valued at $22,023,000 after purchasing an additional 120,738 shares in the last quarter. GPS Wealth Strategies Group LLC increased its holdings in Taiwan Semiconductor Manufacturing by 7.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 2,384 shares of the semiconductor company’s stock valued at $396,000 after purchasing an additional 158 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 19.3% in the 1st quarter. Simon Quick Advisors LLC now owns 7,852 shares of the semiconductor company’s stock valued at $1,303,000 after purchasing an additional 1,271 shares in the last quarter. Transform Wealth LLC increased its holdings in Taiwan Semiconductor Manufacturing by 0.9% in the 1st quarter. Transform Wealth LLC now owns 20,248 shares of the semiconductor company’s stock valued at $3,375,000 after purchasing an additional 182 shares in the last quarter. Finally, Focus Financial Network Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 19.3% in the 1st quarter. Focus Financial Network Inc. now owns 5,026 shares of the semiconductor company’s stock valued at $834,000 after purchasing an additional 812 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $213.66 on Thursday. 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 firm has a 50-day moving average of $177.44 and a two-hundred day moving average of $188.32. The stock has a market cap of $1.11 trillion, a P/E ratio of 30.35, a PEG 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 for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The company had revenue of $25.82 billion during the quarter, compared to analysts’ expectations of $834.10 billion. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.22%. Taiwan Semiconductor Manufacturing’s payout ratio is 30.46%.

Wall Street Analyst Weigh In

TSM has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Susquehanna reissued a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Barclays reissued an “overweight” rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Finally, Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.