Physician Wealth Advisors Inc. Buys 250 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Physician Wealth Advisors Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,707 shares of the semiconductor company’s stock after purchasing an additional 250 shares during the period. Physician Wealth Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $279,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Avantax Planning Partners Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% during the 4th quarter. Avantax Planning Partners Inc. now owns 3,065 shares of the semiconductor company’s stock valued at $228,000 after buying an additional 110 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 7.2% in the first quarter. JFS Wealth Advisors LLC now owns 1,752 shares of the semiconductor company’s stock valued at $163,000 after acquiring an additional 118 shares in the last quarter. Focused Wealth Management Inc boosted its stake in shares of Taiwan Semiconductor Manufacturing by 35.1% in the first quarter. Focused Wealth Management Inc now owns 458 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 119 shares during the period. Cresset Asset Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 0.7% during the first quarter. Cresset Asset Management LLC now owns 18,334 shares of the semiconductor company’s stock worth $1,712,000 after purchasing an additional 124 shares in the last quarter. Finally, FinTrust Capital Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 25.1% during the 4th quarter. FinTrust Capital Advisors LLC now owns 623 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 125 shares during the period. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

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

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock traded up $0.51 on Thursday, reaching $91.73. The company’s stock had a trading volume of 1,211,601 shares, compared to its average volume of 11,367,834. The company has a market capitalization of $475.75 billion, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 3.13 and a beta of 1.07. The stock’s fifty day simple moving average is $96.22 and its 200-day simple moving average is $93.93. The company has a current ratio of 2.42, a quick ratio of 2.13 and a debt-to-equity ratio of 0.29. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $59.43 and a 1 year high of $110.69.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, July 20th. The semiconductor company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 43.31% and a return on equity of 32.08%. The firm had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $15.52 billion. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 4.82 earnings per share 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 11th. Stockholders of record on Friday, December 15th will be paid a $0.4724 dividend. This represents a $1.89 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, December 14th. Taiwan Semiconductor Manufacturing’s payout ratio is 24.42%.

Taiwan Semiconductor Manufacturing Company 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.