Tyche Wealth Partners LLC Invests $203,000 in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Tyche Wealth Partners LLC bought a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,223 shares of the semiconductor company’s stock, valued at approximately $203,000.

Several other large investors have also recently bought and sold shares of the stock. LaFleur & Godfrey LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $221,000. Brighton Jones LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock worth $2,159,000 after acquiring an additional 1,892 shares during the period. Crestwood Advisors Group LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 46.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 4,808 shares of the semiconductor company’s stock worth $950,000 after purchasing an additional 1,519 shares in the last quarter. Wrapmanager Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $233,000. Finally, NCP Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 93.8% in the fourth quarter. NCP Inc. now owns 1,550 shares of the semiconductor company’s stock valued at $306,000 after purchasing an additional 750 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $222.56 on Thursday. The firm has a market capitalization of $1.15 trillion, a P/E ratio of 28.61, a P/E/G ratio of 1.14 and a beta of 1.27. The stock has a fifty day moving average price of $190.02 and a two-hundred day moving average price of $189.89. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $133.57 and a 52-week high of $226.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $25.82 billion for the quarter, compared to analyst estimates 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, analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.17%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.59%.

Analyst Ratings Changes

TSM has been the topic of several analyst reports. Barclays reissued an “overweight” rating and issued a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a “positive” rating in a research note on Tuesday, June 17th. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $222.50.

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.