Finer Wealth Management Inc. Has $1.98 Million Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Finer Wealth Management Inc. reduced its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 0.5% in the 1st quarter, HoldingsChannel reports. The fund owned 11,924 shares of the semiconductor company’s stock after selling 57 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 1.2% of Finer Wealth Management Inc.’s holdings, making the stock its 25th biggest position. Finer Wealth Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,979,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital World Investors increased its position in Taiwan Semiconductor Manufacturing by 0.8% in the 4th quarter. Capital World Investors now owns 35,602,400 shares of the semiconductor company’s stock valued at $7,031,632,000 after acquiring an additional 294,316 shares during the period. Capital International Investors increased its position in Taiwan Semiconductor Manufacturing by 8.2% in the 4th quarter. Capital International Investors now owns 22,210,222 shares of the semiconductor company’s stock valued at $4,391,957,000 after acquiring an additional 1,683,256 shares during the period. Goldman Sachs Group Inc. increased its position in Taiwan Semiconductor Manufacturing by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 17,306,108 shares of the semiconductor company’s stock valued at $2,872,814,000 after acquiring an additional 6,180,445 shares during the period. Price T Rowe Associates Inc. MD increased its position in Taiwan Semiconductor Manufacturing by 67.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company’s stock valued at $2,047,065,000 after acquiring an additional 4,158,772 shares during the period. Finally, WCM Investment Management LLC increased its position in Taiwan Semiconductor Manufacturing by 0.6% in the 1st quarter. WCM Investment Management LLC now owns 9,734,044 shares of the semiconductor company’s stock valued at $1,608,551,000 after acquiring an additional 59,079 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSM has been the subject of several recent research reports. Barclays restated an “overweight” rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Needham & Company LLC reiterated a “buy” rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a “positive” rating in a research report on Monday, July 14th. Finally, Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.33.

Taiwan Semiconductor Manufacturing Trading Up 0.1%

TSM opened at $241.98 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $248.28. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $227.34 and a 200-day moving average of $196.67. The stock has a market cap of $1.26 trillion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19.

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. The company had revenue of $30.07 billion during the quarter, compared to analysts’ expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 44.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 earnings per share. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed 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. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 28.16%.

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.