Ritholtz Wealth Management Acquires 2,070 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ritholtz Wealth Management raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,654 shares of the semiconductor company’s stock after purchasing an additional 2,070 shares during the quarter. Ritholtz Wealth Management’s holdings in Taiwan Semiconductor Manufacturing were worth $11,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of TSM. Waldron Private Wealth LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.6% in the 2nd quarter. Waldron Private Wealth LLC now owns 8,324 shares of the semiconductor company’s stock worth $1,451,000 after purchasing an additional 132 shares during the last quarter. Summit Financial LLC grew its stake in Taiwan Semiconductor Manufacturing by 125.3% during the second quarter. Summit Financial LLC now owns 24,766 shares of the semiconductor company’s stock worth $4,318,000 after buying an additional 13,773 shares during the last quarter. Montag A & Associates Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 20.7% during the second quarter. Montag A & Associates Inc. now owns 52,443 shares of the semiconductor company’s stock worth $9,143,000 after buying an additional 9,011 shares in the last quarter. Interchange Capital Partners LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $457,000. Finally, Cascade Financial Partners LLC grew its position in Taiwan Semiconductor Manufacturing by 6.4% during the 2nd quarter. Cascade Financial Partners LLC now owns 16,508 shares of the semiconductor company’s stock worth $2,869,000 after acquiring an additional 1,000 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Trading Up 1.5 %

Shares of Taiwan Semiconductor Manufacturing stock traded up $2.55 on Friday, hitting $171.70. 9,481,403 shares of the company’s stock traded hands, compared to its average volume of 15,950,570. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $193.47. 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 $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 firm’s 50-day moving average price is $170.68 and its two-hundred day moving average price is $154.06.

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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend 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 (DPR) is presently 32.57%.

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.