M Holdings Securities Inc. Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

M Holdings Securities Inc. acquired a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,279 shares of the semiconductor company’s stock, valued at approximately $550,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. EP Wealth Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 48.2% in the first quarter. EP Wealth Advisors LLC now owns 5,222 shares of the semiconductor company’s stock worth $544,000 after purchasing an additional 1,699 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Taiwan Semiconductor Manufacturing by 31.8% in the first quarter. The Manufacturers Life Insurance Company now owns 1,253,705 shares of the semiconductor company’s stock worth $131,338,000 after purchasing an additional 302,818 shares during the last quarter. Toroso Investments LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 6.6% in the first quarter. Toroso Investments LLC now owns 119,418 shares of the semiconductor company’s stock worth $12,451,000 after purchasing an additional 7,381 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth approximately $291,000. Finally, Capital Research Global Investors raised its stake in shares of Taiwan Semiconductor Manufacturing by 19.5% in the first quarter. Capital Research Global Investors now owns 32,668 shares of the semiconductor company’s stock worth $3,485,000 after purchasing an additional 5,342 shares during the last quarter. 16.86% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $77.89 on Friday. The stock has a fifty day simple moving average of $84.89 and a two-hundred day simple moving average of $91.46. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $73.74 and a 1-year high of $145.00. The firm has a market cap of $403.97 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 0.53 and a beta of 0.99. The company has a current ratio of 2.25, a quick ratio of 2.00 and a debt-to-equity ratio of 0.31.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last announced its quarterly earnings data on Thursday, July 14th. The semiconductor company reported $1.55 earnings per share for the quarter, beating 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 business had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.68 billion. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, January 12th. Stockholders of record on Friday, December 16th will be issued a $0.458 dividend. This represents a $1.83 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Thursday, December 15th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 28.19%.

Analysts Set New Price Targets

A number of analysts recently commented on TSM shares. Susquehanna decreased their price target 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. Cowen set a $100.00 price target on Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 19th. Loop Capital started coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 21st. They set a “buy” rating for the company. Finally, Susquehanna Bancshares decreased their price target 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. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.14.

Taiwan Semiconductor Manufacturing Profile

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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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