Revisor Wealth Management LLC Purchases New Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Revisor Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) in the first quarter, HoldingsChannel reports. The fund acquired 1,454 shares of the semiconductor company’s stock, valued at approximately $242,000.

A number of other hedge funds have also recently bought and sold shares of the business. Guardian Partners Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $9,222,000. Pinnacle Investment Management Ltd acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $26,661,000. Sentry LLC bought a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $222,000. Polymer Capital Management HK LTD boosted its stake in Taiwan Semiconductor Manufacturing by 47.7% during the 4th quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company’s stock valued at $17,082,000 after acquiring an additional 27,938 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Taiwan Semiconductor Manufacturing by 38.3% during the 4th quarter. Bank of Montreal Can now owns 871,742 shares of the semiconductor company’s stock worth $172,160,000 after acquiring an additional 241,414 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the topic of a number of recent analyst reports. Needham & Company LLC upped their target price on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a “positive” rating in a report on Tuesday, June 17th. Finally, Barclays reiterated an “overweight” rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $233.75.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $235.49 on Friday. The company has a market cap of $1.22 trillion, a PE ratio of 30.27, a P/E/G ratio of 1.21 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $133.57 and a fifty-two week high of $237.58. The firm has a 50-day simple moving average of $198.99 and a 200 day simple moving average of $191.22. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.10%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.59%.

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.