My Personal CFO LLC Buys New Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Posted by Maria Luz-Campos on Mar 19th, 2023

My Personal CFO LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 704 shares of the semiconductor company’s stock, valued at approximately $52,000.

Other large investors also recently modified their holdings of the company. Cetera Advisor Networks LLC raised its stake in Taiwan Semiconductor Manufacturing by 0.5% in the second quarter. Cetera Advisor Networks LLC now owns 72,300 shares of the semiconductor company’s stock valued at $5,910,000 after buying an additional 343 shares in the last quarter. Putnam Investments LLC lifted its stake in Taiwan Semiconductor Manufacturing by 3.7% during the third quarter. Putnam Investments LLC now owns 141,215 shares of the semiconductor company’s stock worth $9,681,000 after purchasing an additional 5,031 shares during the last quarter. American National Bank boosted its holdings in Taiwan Semiconductor Manufacturing by 52.5% in the third quarter. American National Bank now owns 1,432 shares of the semiconductor company’s stock valued at $98,000 after purchasing an additional 493 shares in the last quarter. King Luther Capital Management Corp increased its stake in Taiwan Semiconductor Manufacturing by 152.0% in the second quarter. King Luther Capital Management Corp now owns 8,242 shares of the semiconductor company’s stock valued at $674,000 after purchasing an additional 4,972 shares during the last quarter. Finally, Jacobi Capital Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 128.1% during the third quarter. Jacobi Capital Management LLC now owns 11,792 shares of the semiconductor company’s stock worth $808,000 after purchasing an additional 6,622 shares in the last quarter. 16.79% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded up $0.17 during midday trading on Friday, hitting $89.47. 13,287,742 shares of the company’s stock were exchanged, compared to its average volume of 10,234,382. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.94 and a current ratio of 2.17. The stock has a market cap of $464.00 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 0.78 and a beta of 1.10. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $59.43 and a 12-month high of $109.75. The firm’s 50 day simple moving average is $90.32 and its 200 day simple moving average is $79.67.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last released its quarterly earnings results on Thursday, January 12th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.02. The firm had revenue of $19.93 billion for the quarter, compared to analyst estimates of $20.29 billion. Taiwan Semiconductor Manufacturing had a return on equity of 37.99% and a net margin of 44.81%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 5.57 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Stockholders of record on Friday, June 16th will be paid a dividend of $0.3597 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, June 15th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 21.65%.

Analysts Set New Price Targets

A number of research analysts recently commented on TSM shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, March 10th. StockNews.com began coverage on Taiwan Semiconductor Manufacturing in a report on Thursday. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.25.

Taiwan Semiconductor Manufacturing Company Profile

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Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products, information applications, wired and wireless communications systems products, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.