Janiczek Wealth Management LLC Buys 280 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Janiczek Wealth Management LLC increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.0% during the 2nd quarter, Holdings Channel reports. The firm owned 9,705 shares of the semiconductor company’s stock after purchasing an additional 280 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $980,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TSM. Mirae Asset Global Investments Co. Ltd. grew its position in Taiwan Semiconductor Manufacturing by 30.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,381,845 shares of the semiconductor company’s stock valued at $144,071,000 after acquiring an additional 318,570 shares during the last quarter. Zions Bancorporation N.A. grew its position in Taiwan Semiconductor Manufacturing by 29.2% during the first quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 135 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Taiwan Semiconductor Manufacturing by 40.1% during the first quarter. Brown Brothers Harriman & Co. now owns 12,700 shares of the semiconductor company’s stock valued at $1,324,000 after acquiring an additional 3,638 shares during the last quarter. Merit Financial Group LLC grew its position in Taiwan Semiconductor Manufacturing by 17.3% during the first quarter. Merit Financial Group LLC now owns 2,350 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 346 shares during the last quarter. Finally, Ergoteles LLC grew its position in Taiwan Semiconductor Manufacturing by 138.6% during the first quarter. Ergoteles LLC now owns 45,497 shares of the semiconductor company’s stock valued at $4,744,000 after acquiring an additional 26,426 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 2.4 %

Taiwan Semiconductor Manufacturing stock traded down $2.22 on Friday, hitting $89.25. 19,940,492 shares of the stock traded hands, compared to its average volume of 7,812,202. The company has a current ratio of 2.42, a quick ratio of 2.13 and a debt-to-equity ratio of 0.29. The firm has a market cap of $462.89 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 3.18 and a beta of 1.07. The business’s fifty day simple moving average is $95.65 and its 200 day simple moving average is $93.95. 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 announced its quarterly earnings data on Thursday, July 20th. The semiconductor company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $15.52 billion. Taiwan Semiconductor Manufacturing had a return on equity of 32.08% and a net margin of 43.31%. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 4.82 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 15th will be given a dividend of $0.4724 per share. This represents a $1.89 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, December 14th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 24.59%.

Analysts Set New Price Targets

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

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.