Fifth Third Wealth Advisors LLC Boosts Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fifth Third Wealth Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 38.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,421 shares of the semiconductor company’s stock after buying an additional 1,226 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $601,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Avestar Capital LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 1.8% during the 4th quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 95 shares during the period. Mather Group LLC. grew its stake in shares of Taiwan Semiconductor Manufacturing by 2.0% during the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock worth $501,000 after purchasing an additional 96 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 2.3% during the 4th quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 96 shares during the period. Intrinsic Value Partners LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.4% during the 4th quarter. Intrinsic Value Partners LLC now owns 24,903 shares of the semiconductor company’s stock worth $2,590,000 after purchasing an additional 100 shares during the period. Finally, Atlas Private Wealth Advisors grew its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% during the 4th quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 104 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

TSM traded down $0.38 on Thursday, hitting $171.69. 10,850,433 shares of the company’s stock were exchanged, compared to its average volume of 15,145,097. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two week high of $184.86. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $154.04 and a 200-day moving average price of $133.84. The stock has a market cap of $890.45 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 1.18 and a beta of 1.11.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The company had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. This represents a $1.95 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

Analysts Set New Price Targets

TSM has been the topic of a number of analyst reports. Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research note on Monday, June 17th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. Sanford C. Bernstein lifted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.60.

Taiwan Semiconductor Manufacturing Company Profile

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.