Moran Wealth Management LLC Raises Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Moran Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 185,644 shares of the semiconductor company’s stock after acquiring an additional 2,255 shares during the quarter. Moran Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $18,735,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. HB Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing by 0.9% in the 2nd quarter. HB Wealth Management LLC now owns 10,674 shares of the semiconductor company’s stock valued at $1,077,000 after acquiring an additional 98 shares during the last quarter. GPS Wealth Strategies Group LLC grew its position in Taiwan Semiconductor Manufacturing by 4.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,187 shares of the semiconductor company’s stock valued at $221,000 after acquiring an additional 99 shares during the last quarter. Bill Few Associates Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 2.9% during the 2nd quarter. Bill Few Associates Inc. now owns 3,590 shares of the semiconductor company’s stock worth $362,000 after buying an additional 100 shares in the last quarter. Global Trust Asset Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 10.2% during the 2nd quarter. Global Trust Asset Management LLC now owns 1,153 shares of the semiconductor company’s stock worth $106,000 after buying an additional 107 shares in the last quarter. Finally, First National Bank of Hutchinson grew its position in shares of Taiwan Semiconductor Manufacturing by 3.3% during the 2nd quarter. First National Bank of Hutchinson now owns 3,397 shares of the semiconductor company’s stock worth $343,000 after buying an additional 107 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 1.1 %

TSM stock traded up $1.04 during trading on Friday, reaching $99.58. 7,247,710 shares of the company traded hands, compared to its average volume of 10,108,278. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $72.84 and a 12 month high of $110.69. The business has a 50 day simple moving average of $90.16 and a 200 day simple moving average of $94.38. The company has a market capitalization of $516.46 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.88 and a current ratio of 2.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. Taiwan Semiconductor Manufacturing had a return on equity of 28.28% and a net margin of 41.42%. The company had revenue of $17.28 billion for the quarter, compared to the consensus estimate of $16.90 billion. During the same quarter last year, the company earned $1.79 earnings per share. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.97 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Tuesday, March 19th will be given a dividend of $0.5415 per share. The ex-dividend date is Monday, March 18th. This represents a $2.17 dividend on an annualized basis and a yield of 2.17%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.47. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 26.44%.

Analyst Ratings Changes

A number of research firms have recently issued reports on TSM. Needham & Company LLC reissued a “buy” rating and set a $115.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 20th. Barclays began coverage on Taiwan Semiconductor Manufacturing in a research report on Monday, October 23rd. They set an “overweight” rating and a $105.00 price target on the stock. Susquehanna dropped their price target on Taiwan Semiconductor Manufacturing from $135.00 to $130.00 in a research report on Monday, October 9th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $116.67.

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.