Family Firm Inc. Makes New $96,000 Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Family Firm Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 553 shares of the semiconductor company’s stock, valued at approximately $96,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Seed Wealth Management Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% during the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after purchasing an additional 57 shares during the last quarter. Keudell Morrison Wealth Management boosted its holdings in Taiwan Semiconductor Manufacturing by 1.5% in the second quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock worth $700,000 after acquiring an additional 59 shares in the last quarter. Cadence Bank grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.5% during the first quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock worth $2,041,000 after acquiring an additional 69 shares during the last quarter. ZRC Wealth Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% during the second quarter. ZRC Wealth Management LLC now owns 405 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 70 shares in the last quarter. Finally, Old Port Advisors raised its position in shares of Taiwan Semiconductor Manufacturing by 2.9% in the 2nd quarter. Old Port Advisors now owns 2,546 shares of the semiconductor company’s stock valued at $443,000 after purchasing an additional 71 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TSM. TD Cowen upped their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Needham & Company LLC lifted their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Susquehanna reissued a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Finally, Sanford C. Bernstein increased their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. One 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 currently has an average rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock traded up $4.84 on Friday, hitting $171.28. The company had a trading volume of 12,189,133 shares, compared to its average volume of 16,057,435. The firm has a market cap of $888.33 billion, a P/E ratio of 32.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.01 and a twelve month high of $193.47. The company has a 50-day moving average price of $171.38 and a 200-day moving average price of $152.43. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted 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. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The firm had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. During the same period in the previous year, the firm earned $1.14 EPS. The business’s quarterly revenue was up 34.6% on a year-over-year basis. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.4871 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.14%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 36.95%.

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.