JTC Employer Solutions Trustee Ltd Purchases 39,352 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

JTC Employer Solutions Trustee Ltd lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 129.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,701 shares of the semiconductor company’s stock after acquiring an additional 39,352 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 0.6% of JTC Employer Solutions Trustee Ltd’s portfolio, making the stock its 16th largest position. JTC Employer Solutions Trustee Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $9,525,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Valeo Financial Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 36.1% during the 1st quarter. Valeo Financial Advisors LLC now owns 18,401 shares of the semiconductor company’s stock valued at $2,503,000 after buying an additional 4,883 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 45.3% during the 1st quarter. SeaCrest Wealth Management LLC now owns 15,237 shares of the semiconductor company’s stock valued at $2,073,000 after buying an additional 4,750 shares in the last quarter. Naviter Wealth LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 43.3% during the 1st quarter. Naviter Wealth LLC now owns 84,646 shares of the semiconductor company’s stock valued at $11,562,000 after buying an additional 25,563 shares in the last quarter. Quattro Financial Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 4,707.7% during the 1st quarter. Quattro Financial Advisors LLC now owns 5,000 shares of the semiconductor company’s stock valued at $680,000 after buying an additional 4,896 shares in the last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $207,000. Institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TSM. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. TD Cowen boosted their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Needham & Company LLC restated a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Finally, Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 17th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $173.60.

Taiwan Semiconductor Manufacturing Stock Up 3.8 %

Shares of Taiwan Semiconductor Manufacturing stock traded up $6.71 on Wednesday, reaching $182.41. The stock had a trading volume of 11,808,737 shares, compared to its average volume of 15,018,304. The company has a 50 day moving average price of $157.45 and a 200 day moving average price of $136.07. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $184.86. The stock has a market capitalization of $946.05 billion, a P/E ratio of 34.26, a P/E/G ratio of 1.19 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The firm had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. As a group, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.4865 per share. This represents a $1.95 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, September 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

About Taiwan Semiconductor Manufacturing

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 a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.