SteelPeak Wealth LLC Acquires 196 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

SteelPeak Wealth LLC grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,312 shares of the semiconductor company’s stock after buying an additional 196 shares during the period. SteelPeak Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Toth Financial Advisory Corp lifted its stake in Taiwan Semiconductor Manufacturing by 3.3% during the 1st quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock valued at $311,000 after acquiring an additional 74 shares during the period. Physician Wealth Advisors Inc. lifted its position in Taiwan Semiconductor Manufacturing by 3.0% during the first quarter. Physician Wealth Advisors Inc. now owns 3,081 shares of the semiconductor company’s stock valued at $431,000 after purchasing an additional 90 shares during the period. Avestar Capital LLC lifted its position in Taiwan Semiconductor Manufacturing by 1.8% during the fourth quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company’s stock valued at $567,000 after purchasing an additional 95 shares during the period. Mather Group LLC. boosted its holdings in Taiwan Semiconductor Manufacturing by 2.0% in the fourth quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock valued at $501,000 after purchasing an additional 96 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its position in Taiwan Semiconductor Manufacturing by 2.3% during the 4th quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 96 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $173.81 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The firm has a market cap of $901.45 billion, a PE ratio of 33.11, a PEG ratio of 1.19 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $184.86. The firm has a fifty day moving average of $155.76 and a 200 day moving average of $135.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The firm had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a $0.4865 dividend. This represents a $1.95 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Thursday, September 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.76%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TSM shares. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Sanford C. Bernstein raised their price objective 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. Susquehanna lifted their target price on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 17th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $173.60.

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.