Kestra Private Wealth Services LLC increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,234 shares of the semiconductor company’s stock after purchasing an additional 345 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,588,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $26,000. Raleigh Capital Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $26,000. Rather & Kittrell Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $37,000. SJS Investment Consulting Inc. boosted its position in Taiwan Semiconductor Manufacturing by 101.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 387 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 195 shares in the last quarter. Finally, Herold Advisors Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $42,000. Institutional investors own 16.86% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on TSM. Loop Capital began coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 21st. They set a “buy” rating on the stock. Susquehanna Bancshares dropped their target price on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Susquehanna lowered their price objective on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, July 14th. Finally, Cowen set a $100.00 price objective on Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 19th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.14.
Taiwan Semiconductor Manufacturing Stock Performance
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last issued its earnings results on Thursday, July 14th. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. The company had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.68 billion. Taiwan Semiconductor Manufacturing had a return on equity of 33.56% and a net margin of 40.53%. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.24 earnings per share for the current year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders of record on Friday, December 16th will be paid a dividend of $0.458 per share. The ex-dividend date is Thursday, December 15th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 2.35%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 28.19%.
Taiwan Semiconductor Manufacturing Company Profile
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.
- Get a free copy of the StockNews.com research report on Taiwan Semiconductor Manufacturing (TSM)
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