Axxcess Wealth Management LLC Acquires 1,811 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Axxcess Wealth Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 7.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,849 shares of the semiconductor company’s stock after acquiring an additional 1,811 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $6,940,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TSM. Maridea Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the third quarter worth $273,000. BBR Partners LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $502,000. May Hill Capital LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.4% during the 3rd quarter. May Hill Capital LLC now owns 6,888 shares of the semiconductor company’s stock worth $1,924,000 after buying an additional 224 shares during the last quarter. Cornerstone Advisory LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $272,000. Finally, Beirne Wealth Consulting Services LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $2,100,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Dbs Bank upgraded Taiwan Semiconductor Manufacturing to a “moderate buy” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, December 29th. Wedbush reaffirmed an “outperform” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, February 11th. Needham & Company LLC increased their price objective on Taiwan Semiconductor Manufacturing from $360.00 to $410.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Finally, Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, January 9th. Four investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $391.43.

Taiwan Semiconductor Manufacturing Trading Down 0.3%

TSM opened at $362.96 on Thursday. The stock has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 34.08, a P/E/G ratio of 1.02 and a beta of 1.31. The company has a quick ratio of 2.47, a current ratio of 2.69 and a debt-to-equity ratio of 0.19. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $380.00. The company has a 50-day simple moving average of $325.34 and a 200 day simple moving average of $291.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Friday, November 14th. The semiconductor company reported $14.32 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 45.13% and a return on equity of 36.18%. The business had revenue of $32.50 billion for the quarter. Analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 11th will be issued a $0.9503 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.0%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 23.57%.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.