Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Purchased by Physician Wealth Advisors Inc.

by · The Cerbat Gem

Physician Wealth Advisors Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 6.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,143 shares of the semiconductor company’s stock after acquiring an additional 121 shares during the period. Physician Wealth Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $356,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Pinnacle Financial Partners Inc increased its stake in Taiwan Semiconductor Manufacturing by 9.3% in the first quarter. Pinnacle Financial Partners Inc now owns 3,908 shares of the semiconductor company’s stock valued at $649,000 after purchasing an additional 331 shares during the period. Compound Global Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing by 31.2% during the 1st quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company’s stock worth $747,000 after acquiring an additional 1,141 shares during the period. Kanawha Capital Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 20.0% in the 1st quarter. Kanawha Capital Management LLC now owns 1,502 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 250 shares during the last quarter. Aaron Wealth Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 11.4% in the first quarter. Aaron Wealth Advisors LLC now owns 18,832 shares of the semiconductor company’s stock valued at $3,126,000 after purchasing an additional 1,922 shares during the period. Finally, First Bank & Trust increased its holdings in shares of Taiwan Semiconductor Manufacturing by 2.2% in the first quarter. First Bank & Trust now owns 4,033 shares of the semiconductor company’s stock valued at $669,000 after purchasing an additional 85 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TSM shares. Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a “positive” rating in a report on Tuesday, June 17th. Needham & Company LLC upped their price objective on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Barclays reaffirmed an “overweight” rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $233.75.

Get Our Latest Stock Analysis on TSM

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM traded up $3.33 during mid-day trading on Wednesday, reaching $228.01. 963,318 shares of the company’s stock were exchanged, compared to its average volume of 15,943,235. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $133.57 and a 52-week high of $228.88. The company has a market cap of $1.18 trillion, a price-to-earnings ratio of 29.31, a PEG ratio of 1.17 and a beta of 1.29. The company has a 50-day simple moving average of $196.04 and a two-hundred day simple moving average of $190.70.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The company had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm 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 dividend on an annualized basis and a yield of 1.14%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.59%.

Taiwan Semiconductor Manufacturing Company Profile

(Free Report)

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.

Further Reading

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