Belpointe Asset Management LLC Acquires 15,912 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Belpointe Asset Management LLC raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 56.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,080 shares of the semiconductor company’s stock after acquiring an additional 15,912 shares during the period. Belpointe Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,100,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Key Financial Inc boosted its stake in shares of Taiwan Semiconductor Manufacturing by 666.7% during the first quarter. Key Financial Inc now owns 345 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 300 shares in the last quarter. America First Investment Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at about $33,000. MBM Wealth Consultants LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $27,000. Bogart Wealth LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 71.4% during the first quarter. Bogart Wealth LLC now owns 365 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 152 shares in the last quarter. Finally, Hall Laurie J Trustee acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at about $36,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $89.60 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $59.43 and a one year high of $110.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.42 and a quick ratio of 2.13. The stock’s 50 day moving average is $96.47 and its 200 day moving average is $93.91. The firm has a market cap of $464.70 billion, a P/E ratio of 14.79, a P/E/G ratio of 3.13 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 20th. The semiconductor company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. Taiwan Semiconductor Manufacturing had a return on equity of 32.08% and a net margin of 43.31%. The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $15.52 billion. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 4.82 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 15th will be paid a $0.4724 dividend. This represents a $1.89 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, December 14th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 22.94%.

Analyst Ratings Changes

TSM has been the topic of a number of recent research reports. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $128.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday, July 14th. Finally, Needham & Company LLC cut their price objective on Taiwan Semiconductor Manufacturing from $118.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Buy” and a consensus price target of $108.33.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.