Segment Wealth Management LLC Buys 8,740 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Segment Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 9.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,672 shares of the semiconductor company’s stock after purchasing an additional 8,740 shares during the period. Segment Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $10,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TSM. Burns J W & Co. Inc. NY lifted its stake in Taiwan Semiconductor Manufacturing by 1.1% in the fourth quarter. Burns J W & Co. Inc. NY now owns 7,956 shares of the semiconductor company’s stock valued at $957,000 after acquiring an additional 85 shares during the last quarter. Arthur M. Cohen & Associates LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.2% in the fourth quarter. Arthur M. Cohen & Associates LLC now owns 7,268 shares of the semiconductor company’s stock valued at $874,000 after acquiring an additional 85 shares during the last quarter. Regal Investment Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 3.9% in the fourth quarter. Regal Investment Advisors LLC now owns 2,389 shares of the semiconductor company’s stock valued at $287,000 after acquiring an additional 89 shares during the last quarter. Girard Partners LTD. lifted its stake in Taiwan Semiconductor Manufacturing by 3.3% in the fourth quarter. Girard Partners LTD. now owns 2,790 shares of the semiconductor company’s stock valued at $335,000 after acquiring an additional 90 shares during the last quarter. Finally, WP Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.7% in the fourth quarter. WP Advisors LLC now owns 6,019 shares of the semiconductor company’s stock valued at $724,000 after acquiring an additional 100 shares during the last quarter.

TSM traded down $2.70 during trading hours on Tuesday, hitting $74.30. The stock had a trading volume of 220,282 shares, compared to its average volume of 9,735,972. The company’s fifty day simple moving average is $89.47 and its 200 day simple moving average is $105.52. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $76.18 and a 1 year high of $145.00. The company has a current ratio of 2.09, a quick ratio of 1.85 and a debt-to-equity ratio of 0.28.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last issued its earnings results on Thursday, April 14th. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.31 by $0.09. The business had revenue of $491.08 billion during the quarter, compared to the consensus estimate of $471.53 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.84% and a net margin of 38.44%. The firm’s revenue was up 35.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 EPS. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 5.93 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 16th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.85 annualized dividend and a yield of 2.49%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.46%.

Several equities analysts have recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 14th. StockNews.com assumed coverage on Taiwan Semiconductor Manufacturing in a report on Thursday, March 31st. They issued a “buy” rating on the stock. cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Finally, Loop Capital began coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 21st. They set a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus price target of $137.50.

Taiwan Semiconductor Manufacturing Company Profile (Get Rating)

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

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

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