Cresset Asset Management LLC Purchases 143 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cresset Asset Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 0.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,144 shares of the semiconductor company’s stock after acquiring an additional 143 shares during the quarter. Cresset Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. LRT Capital Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1,219.0% during the 1st quarter. LRT Capital Management LLC now owns 28,490 shares of the semiconductor company’s stock valued at $2,970,000 after acquiring an additional 26,330 shares during the period. Vident Investment Advisory LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 67.8% during the 1st quarter. Vident Investment Advisory LLC now owns 5,103 shares of the semiconductor company’s stock valued at $530,000 after acquiring an additional 2,062 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $2,327,000. Copperleaf Capital LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 3.2% during the 1st quarter. Copperleaf Capital LLC now owns 11,391 shares of the semiconductor company’s stock valued at $1,188,000 after acquiring an additional 348 shares during the period. Finally, Maven Securities LTD purchased a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $743,000. 16.86% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 1.6 %

Shares of NYSE:TSM opened at $81.53 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $73.74 and a 52-week high of $145.00. The firm has a market capitalization of $422.84 billion, a P/E ratio of 15.74, a P/E/G ratio of 0.54 and a beta of 0.99. The stock has a 50 day moving average price of $84.70 and a 200-day moving average price of $92.04. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.00 and a current ratio of 2.25.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last announced its earnings results on Thursday, July 14th. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.05. Taiwan Semiconductor Manufacturing had a return on equity of 33.56% and a net margin of 40.53%. The firm had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.68 billion. As a group, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.3 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 12th. Investors of record on Friday, December 16th will be given a dividend of $0.458 per share. This represents a $1.83 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, December 15th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 28.19%.

Analysts Set New Price Targets

Several research firms have weighed in on TSM. Loop Capital began coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, June 21st. They issued a “buy” rating for the company. Cowen set a $100.00 price objective on Taiwan Semiconductor Manufacturing in a report on Tuesday, July 19th. Susquehanna dropped their price objective on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, July 14th. Finally, Susquehanna Bancshares dropped their price objective on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, July 14th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.14.

About Taiwan Semiconductor Manufacturing

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Taiwan Semiconductor Manufacturing Company Limited 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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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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