Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Bought by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC raised its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 520.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,979 shares of the semiconductor company’s stock after buying an additional 11,726 shares during the period. Gateway Wealth Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,724,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TSM. Quattro Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $27,000. Evolution Wealth Management Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 257.7% in the 1st quarter. Evolution Wealth Management Inc. now owns 93 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 67 shares during the period. Strategic Advocates LLC boosted its position in Taiwan Semiconductor Manufacturing by 62.1% during the fourth quarter. Strategic Advocates LLC now owns 94 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 36 shares in the last quarter. Finally, Financial Freedom LLC purchased a new position in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Insiders Place Their Bets

In other news, VP Tzu-Sou Chuang sold 200,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $69.83, for a total transaction of $13,966,000.00. Following the transaction, the vice president owned 2,495,165 shares of the company’s stock, valued at approximately $174,237,371.95. The trade was a 7.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Bor-Zen Tien acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was purchased at an average cost of $76.64 per share, with a total value of $76,640.00. Following the acquisition, the vice president directly owned 12,051 shares of the company’s stock, valued at $923,588.64. This trade represents a 9.05% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 6,857 shares of company stock valued at $512,334 in the last three months. 1.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TSM shares. Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a “positive” rating in a research note on Thursday, July 16th. DA Davidson raised their price objective on Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the company a “buy” rating in a report on Friday, July 17th. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Needham & Company LLC increased their target price on shares of Taiwan Semiconductor Manufacturing from $480.00 to $530.00 and gave the company a “buy” rating in a research report on Monday. Finally, Weiss Ratings cut shares of Taiwan Semiconductor Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, July 13th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Buy” and an average target price of $496.25.

Taiwan Semiconductor Manufacturing Trading Down 0.9%

Shares of Taiwan Semiconductor Manufacturing stock opened at $399.94 on Tuesday. The stock has a market cap of $2.07 trillion, a P/E ratio of 28.86, a P/E/G ratio of 0.93 and a beta of 1.36. The stock’s 50 day simple moving average is $427.75 and its 200-day simple moving average is $382.65. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $223.70 and a 1-year high of $479.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.49 and a quick ratio of 2.31.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 EPS for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 40.88% and a net margin of 50.31%.The firm had revenue of $39.89 billion during the quarter. Analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.34 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be issued a $1.1136 dividend. This represents a $4.45 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, September 16th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 21.43%.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.