Precision Wealth Strategies LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) by 30.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,457 shares of the semiconductor company’s stock after purchasing an additional 808 shares during the quarter. Precision Wealth Strategies LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSM. Fiduciary Trust Co. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 5.1% in the 4th quarter. Fiduciary Trust Co. now owns 2,070 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 100 shares in the last quarter. Cerro Pacific Wealth Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 1.4% during the 1st quarter. Cerro Pacific Wealth Advisors LLC now owns 8,371 shares of the semiconductor company’s stock worth $873,000 after buying an additional 114 shares during the last quarter. RDA Financial Network grew its stake in Taiwan Semiconductor Manufacturing by 3.6% during the 1st quarter. RDA Financial Network now owns 3,347 shares of the semiconductor company’s stock worth $349,000 after buying an additional 116 shares during the last quarter. Marks Group Wealth Management Inc grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.6% in the first quarter. Marks Group Wealth Management Inc now owns 19,067 shares of the semiconductor company’s stock worth $1,988,000 after purchasing an additional 117 shares in the last quarter. Finally, Sheets Smith Wealth Management lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 6.7% in the first quarter. Sheets Smith Wealth Management now owns 1,924 shares of the semiconductor company’s stock valued at $201,000 after buying an additional 120 shares during the period. Hedge funds and other institutional investors own 16.86% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on TSM. Cowen set a $100.00 price objective on Taiwan Semiconductor Manufacturing in a report on Tuesday, July 19th. Susquehanna dropped their price target on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Loop Capital initiated coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 21st. They issued a “buy” rating on the stock. Finally, Susquehanna Bancshares dropped their target price on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $120.14.
Taiwan Semiconductor Manufacturing Stock Down 2.0 %
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last posted its earnings results on Thursday, July 14th. The semiconductor company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.05. The firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.68 billion. Taiwan Semiconductor Manufacturing had a return on equity of 33.56% and a net margin of 40.53%. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.21 EPS for the current year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders of record on Friday, December 16th will be given a dividend of $0.458 per share. This represents a $1.83 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Thursday, December 15th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.22%.
Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.
- Get a free copy of the StockNews.com research report on Taiwan Semiconductor Manufacturing (TSM)
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