Cwm LLC Purchases 2,280 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cwm LLC boosted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.0% during the second quarter, Holdings Channel reports. The fund owned 27,554 shares of the semiconductor company’s stock after acquiring an additional 2,280 shares during the period. Cwm LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,789,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TSM. Olistico Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at about $27,000. LifeSteps Financial Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at about $27,000. North Star Investment Management Corp. grew its stake in shares of Taiwan Semiconductor Manufacturing by 670.4% during the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 181 shares during the last quarter. Tsfg LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 470.7% during the first quarter. Tsfg LLC now owns 234 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 193 shares during the last quarter. Finally, Indiana Trust & Investment Management CO bought a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at about $33,000. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TSM. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Sanford C. Bernstein increased their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Finally, Needham & Company LLC increased their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Down 0.2 %

TSM traded down $0.35 on Wednesday, hitting $155.04. The company had a trading volume of 22,315,434 shares, compared to its average volume of 16,222,027. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $193.47. The stock has a fifty day simple moving average of $169.50 and a 200-day simple moving average of $148.07. The firm has a market capitalization of $804.10 billion, a P/E ratio of 29.53, a P/E/G ratio of 0.89 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. The business had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. During the same period last year, the business posted $1.14 earnings per share. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 34.6% compared to the same quarter last year. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a $0.4865 dividend. The ex-dividend date is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a yield of 1.26%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 36.95%.

Taiwan Semiconductor Manufacturing 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 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.