Kingswood Wealth Advisors LLC Has $2.38 Million Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Kingswood Wealth Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 35.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,302 shares of the semiconductor company’s stock after purchasing an additional 3,757 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lion Street Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 26.5% in the first quarter. Lion Street Advisors LLC now owns 2,724 shares of the semiconductor company’s stock valued at $452,000 after acquiring an additional 570 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in Taiwan Semiconductor Manufacturing by 2.4% in the 1st quarter. Cornerstone Wealth Management LLC now owns 7,294 shares of the semiconductor company’s stock valued at $1,211,000 after purchasing an additional 173 shares during the last quarter. Mezzasalma Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 20.3% in the first quarter. Mezzasalma Advisors LLC now owns 7,652 shares of the semiconductor company’s stock worth $1,270,000 after purchasing an additional 1,289 shares in the last quarter. Clarius Group LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 14.3% during the first quarter. Clarius Group LLC now owns 4,630 shares of the semiconductor company’s stock worth $769,000 after purchasing an additional 579 shares during the last quarter. Finally, Financial Perspectives Inc raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% in the first quarter. Financial Perspectives Inc now owns 31,719 shares of the semiconductor company’s stock valued at $5,265,000 after buying an additional 399 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Down 0.2%

TSM opened at $213.49 on Thursday. The stock has a market capitalization of $1.11 trillion, a P/E ratio of 27.44, a P/E/G ratio of 1.11 and a beta of 1.27. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $226.40. The firm’s fifty day simple moving average is $183.95 and its 200 day simple moving average is $189.38.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $25.82 billion for 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%. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.59%.

Analyst Upgrades and Downgrades

TSM has been the subject of several research reports. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays restated an “overweight” rating and issued a $240.00 price objective (up previously 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 issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Finally, Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a “positive” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $218.00.

Taiwan Semiconductor Manufacturing Company Profile

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.