Denver PWM LLC Purchases New Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Denver PWM LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 643 shares of the semiconductor company’s stock, valued at approximately $112,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TSM. Johnson Financial Group Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $25,000. LifeSteps Financial Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at about $27,000. Olistico Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at about $27,000. Finally, North Star Investment Management Corp. boosted its holdings in 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 worth $28,000 after purchasing an additional 181 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $163.62 on Friday. The firm has a market capitalization of $848.60 billion, a PE ratio of 31.17, a P/E/G ratio of 1.01 and a beta of 1.14. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $170.13 and a two-hundred day moving average price of $154.88. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.01 and a twelve month high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results 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. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The business had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. Equities analysts forecast 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 paid a $0.4871 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 37.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TSM shares. Susquehanna reissued a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Needham & Company LLC boosted their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Sanford C. Bernstein lifted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Finally, Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently 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.