Birchcreek Wealth Management LLC Acquires 432 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Birchcreek Wealth Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 26.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,051 shares of the semiconductor company’s stock after buying an additional 432 shares during the quarter. Birchcreek Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Johnson Financial Group Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $25,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $25,000. LifeSteps Financial Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $27,000. Olistico Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $27,000. Finally, North Star Investment Management Corp. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 670.4% in the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after buying an additional 181 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Taiwan Semiconductor Manufacturing Stock Up 0.2 %

TSM opened at $160.80 on Thursday. The company has a 50 day moving average of $170.29 and a 200 day moving average of $154.82. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $193.47. The company has a market cap of $833.98 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly 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 company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The firm’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 earnings per share. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current 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 $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 37.52%.

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.