Catalytic Wealth RIA LLC Has $1.59 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Catalytic Wealth RIA LLC raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 18.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,132 shares of the semiconductor company’s stock after buying an additional 1,416 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,587,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Seed Wealth Management Inc. increased its position 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 worth $792,000 after purchasing an additional 57 shares during the last quarter. Keudell Morrison Wealth Management increased its holdings in Taiwan Semiconductor Manufacturing by 1.5% during the second quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock worth $700,000 after buying an additional 59 shares during the last quarter. Cadence Bank raised its position in 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 in the last quarter. SNS Financial Group LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 3.4% in the 2nd quarter. SNS Financial Group LLC now owns 2,114 shares of the semiconductor company’s stock valued at $369,000 after acquiring an additional 69 shares during the period. Finally, ZRC Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 2nd quarter. ZRC Wealth Management LLC now owns 405 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 70 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TSM shares. Sanford C. Bernstein lifted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Needham & Company LLC boosted their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Barclays boosted 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. Finally, Susquehanna reiterated a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $171.70 on Friday. The stock’s fifty day moving average price is $170.68 and its two-hundred day moving average price is $154.06. The firm has a market cap of $890.51 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. 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 posted its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 earnings per share. As a group, 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 declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend 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 32.57%.

About Taiwan Semiconductor Manufacturing

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.