Geneos Wealth Management Inc. Sells 78 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Geneos Wealth Management Inc. trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,660 shares of the semiconductor company’s stock after selling 78 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $3,243,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tennessee Valley Asset Management Partners acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $37,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,961 shares of the semiconductor company’s stock valued at $1,452,000 after buying an additional 150 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 50.1% during the 4th quarter. Xponance Inc. now owns 4,663 shares of the semiconductor company’s stock worth $485,000 after acquiring an additional 1,557 shares during the period. abrdn plc boosted its holdings in Taiwan Semiconductor Manufacturing by 3.1% during the fourth quarter. abrdn plc now owns 347,174 shares of the semiconductor company’s stock valued at $36,106,000 after purchasing an additional 10,559 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 2.3% in the 4th quarter. CWM LLC now owns 27,855 shares of the semiconductor company’s stock valued at $2,897,000 after purchasing an additional 638 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

TSM has been the topic of a number of analyst reports. Needham & Company LLC upped their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Susquehanna reissued a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Sanford C. Bernstein upped their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, Barclays upped their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Trading Up 3.9 %

Shares of Taiwan Semiconductor Manufacturing stock traded up $6.46 on Friday, hitting $172.90. 3,245,537 shares of the company’s stock traded hands, compared to its average volume of 16,002,704. The firm’s 50-day moving average price is $171.40 and its two-hundred day moving average price is $152.07. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The stock has a market capitalization of $896.73 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. The firm had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company’s quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 earnings per share. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a $0.4871 dividend. This represents a $1.95 annualized dividend and a yield of 1.13%. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 36.95%.

Taiwan Semiconductor Manufacturing 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.