B. Riley Wealth Advisors Inc. lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 1.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 23,643 shares of the semiconductor company’s stock after purchasing an additional 372 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of TSM. Baystate Wealth Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 1,333.3% during the second quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 240 shares in the last quarter. Carolinas Wealth Consulting LLC lifted its position in Taiwan Semiconductor Manufacturing by 334.8% during the second quarter. Carolinas Wealth Consulting LLC now owns 287 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 221 shares in the last quarter. PCA Investment Advisory Services Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at $29,000. Financial Gravity Asset Management Inc. lifted its position in Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 211 shares in the last quarter. Finally, Retirement Group LLC lifted its position in Taiwan Semiconductor Manufacturing by 82.5% during the second quarter. Retirement Group LLC now owns 334 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 151 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.
Taiwan Semiconductor Manufacturing Trading Down 1.8 %
Shares of TSM stock opened at $137.04 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $81.21 and a 12-month high of $158.40. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average price is $123.28 and its 200-day moving average price is $104.39. The stock has a market capitalization of $710.75 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 3.21 and a beta of 1.15.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last issued its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. The firm had revenue of $19.62 billion for the quarter, compared to analysts’ expectations of $18.99 billion. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.17 EPS for the current fiscal year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a $0.4408 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.29%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 33.59%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. Needham & Company LLC lifted their target price on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a research report on Friday, January 19th. TD Cowen raised their price target on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a report on Friday, January 12th. Susquehanna raised their price target on Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a report on Tuesday, February 13th. Finally, Barclays raised their price target on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, January 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.25.
View Our Latest Analysis on TSM
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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.
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