Client 1ST Advisory Group LLC Has $525,000 Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Client 1ST Advisory Group LLC grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 17.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,018 shares of the semiconductor company’s stock after purchasing an additional 451 shares during the quarter. Client 1ST Advisory Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $525,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in TSM. Johnson Financial Group Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth approximately $25,000. LifeSteps Financial Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $27,000. Olistico Wealth LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. Finally, Valley Wealth Managers Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $27,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $171.46 on Friday. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $889.26 billion, a P/E ratio of 32.66, a PEG ratio of 1.00 and a beta of 1.14. The business has a 50-day moving average of $168.87 and a 200-day moving average of $156.18. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The firm had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The business’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 earnings per share. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.14%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.57%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TSM. Sanford C. Bernstein increased their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC raised their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Susquehanna reissued a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Finally, Barclays increased their price objective 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

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.