Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Position Boosted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 5.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,659 shares of the semiconductor company’s stock after acquiring an additional 7,803 shares during the period. Avantax Advisory Services Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $23,847,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its holdings in Taiwan Semiconductor Manufacturing by 0.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company’s stock worth $214,442,000 after acquiring an additional 11,693 shares during the last quarter. Pinnacle Investment Management Ltd bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $26,661,000. Sentry LLC bought a new position in Taiwan Semiconductor Manufacturing in the first quarter worth about $222,000. Compound Global Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 31.2% in the first quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company’s stock worth $747,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Polymer Capital Management HK LTD lifted its holdings in Taiwan Semiconductor Manufacturing by 47.7% in the fourth quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company’s stock worth $17,082,000 after acquiring an additional 27,938 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a “positive” rating in a report on Monday, July 14th. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Barclays restated an “overweight” rating and issued a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. One equities research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $258.33.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $241.53 on Friday. The firm’s 50 day moving average is $216.44 and its two-hundred day moving average is $194.61. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $248.28. The firm has a market capitalization of $1.25 trillion, a P/E ratio of 27.54, a PEG ratio of 1.16 and a beta of 1.29. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 34.53%. The company had revenue of $30.07 billion for the quarter, compared to analyst estimates of $28.50 billion. During the same quarter last year, the business earned $1.48 earnings per share. Taiwan Semiconductor Manufacturing’s revenue was up 44.4% compared to the same quarter last year. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.08%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 29.65%.

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 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.