FSB Premier Wealth Management Inc. Has $905,000 Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

FSB Premier Wealth Management Inc. lifted its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,453 shares of the semiconductor company’s stock after buying an additional 384 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $905,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SlateStone Wealth LLC acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $223,000. Mesirow Financial Investment Management Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 4.4% in the first quarter. Mesirow Financial Investment Management Inc. now owns 16,406 shares of the semiconductor company’s stock valued at $2,724,000 after buying an additional 685 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Taiwan Semiconductor Manufacturing by 195.7% during the 1st quarter. Arkadios Wealth Advisors now owns 32,294 shares of the semiconductor company’s stock worth $5,361,000 after acquiring an additional 21,371 shares during the period. Carl P. Sherr & Co. LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 3.1% during the 1st quarter. Carl P. Sherr & Co. LLC now owns 2,497 shares of the semiconductor company’s stock worth $415,000 after acquiring an additional 75 shares during the last quarter. Finally, Eastern Bank increased its holdings in shares of Taiwan Semiconductor Manufacturing by 19.4% during the 1st quarter. Eastern Bank now owns 4,268 shares of the semiconductor company’s stock worth $708,000 after acquiring an additional 694 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $241.22 on Wednesday. The stock has a 50 day simple moving average of $219.42 and a 200 day simple moving average of $195.23. The stock has a market cap of $1.25 trillion, a P/E ratio of 27.51, a PEG ratio of 1.17 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $133.57 and a 1-year high of $248.28. 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 posted its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 34.53% and a net margin of 42.91%. The firm had revenue of $30.07 billion for the quarter, compared to analysts’ expectations of $28.50 billion. During the same quarter last year, the business earned $1.48 EPS. The company’s quarterly revenue was up 44.4% compared to the same quarter last year. Research 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 28.16%.

Analysts Set New Price Targets

Several brokerages have issued reports on TSM. Susquehanna raised their price target on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a “positive” rating in a report on Monday, July 14th. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Finally, Barclays reiterated 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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $258.33.

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.