Ritholtz Wealth Management Raises Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ritholtz Wealth Management boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 28.5% during the second quarter, Holdings Channel.com reports. The fund owned 45,915 shares of the semiconductor company’s stock after buying an additional 10,172 shares during the quarter. Ritholtz Wealth Management’s holdings in Taiwan Semiconductor Manufacturing were worth $3,754,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fiduciary Trust Co. increased its holdings in Taiwan Semiconductor Manufacturing by 5.1% in the 4th quarter. Fiduciary Trust Co. now owns 2,070 shares of the semiconductor company’s stock worth $249,000 after buying an additional 100 shares in the last quarter. Cerro Pacific Wealth Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.4% in the 1st quarter. Cerro Pacific Wealth Advisors LLC now owns 8,371 shares of the semiconductor company’s stock worth $873,000 after buying an additional 114 shares during the period. RDA Financial Network lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.6% during the 1st quarter. RDA Financial Network now owns 3,347 shares of the semiconductor company’s stock worth $349,000 after purchasing an additional 116 shares during the last quarter. Marks Group Wealth Management Inc lifted its stake in shares of Taiwan Semiconductor Manufacturing by 0.6% during the 1st quarter. Marks Group Wealth Management Inc now owns 19,067 shares of the semiconductor company’s stock worth $1,988,000 after purchasing an additional 117 shares during the last quarter. Finally, Sheets Smith Wealth Management increased its position in Taiwan Semiconductor Manufacturing by 6.7% during the 1st quarter. Sheets Smith Wealth Management now owns 1,924 shares of the semiconductor company’s stock valued at $201,000 after buying an additional 120 shares in the last quarter. 16.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TSM has been the topic of several analyst reports. Loop Capital initiated coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, June 21st. They set a “buy” rating on the stock. Susquehanna cut their target price on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, July 14th. Susquehanna Bancshares dropped their price objective on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, July 14th. Finally, Cowen set a $100.00 price objective on Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 19th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $120.14.

Taiwan Semiconductor Manufacturing Stock Down 2.6 %

NYSE TSM traded down $1.99 during trading hours on Friday, hitting $73.64. The company had a trading volume of 281,272 shares, compared to its average volume of 9,051,706. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $73.74 and a fifty-two week high of $145.00. The company has a market capitalization of $381.92 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 0.51 and a beta of 0.99. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.25 and a quick ratio of 2.00. The firm’s 50 day moving average is $84.54 and its 200 day moving average is $90.46.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last issued its earnings results on Thursday, July 14th. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. Taiwan Semiconductor Manufacturing had a net margin of 40.53% and a return on equity of 33.56%. The firm had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.68 billion. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.21 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders of record on Friday, December 16th will be given a $0.458 dividend. The ex-dividend date of this dividend is Thursday, December 15th. This represents a $1.83 annualized dividend and a yield of 2.49%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 27.22%.

About Taiwan Semiconductor Manufacturing

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Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

Further Reading

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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