Portside Wealth Group LLC Increases Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Portside Wealth Group LLC boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.9% during the first quarter, Holdings Channel.com reports. The fund owned 3,668 shares of the semiconductor company’s stock after acquiring an additional 67 shares during the period. Portside Wealth Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $609,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $25,000. IMG Wealth Management Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $26,000. Hopwood Financial Services Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $27,000. Roxbury Financial LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $29,000. Finally, Accredited Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $31,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 0.9%

Shares of NYSE TSM opened at $207.08 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $133.57 and a 1 year high of $226.40. The firm’s 50 day moving average price is $175.00 and its 200 day moving average price is $187.97. The firm has a market cap of $1.07 trillion, a P/E ratio of 29.42, a price-to-earnings-growth ratio of 0.66 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The business had revenue of $25.82 billion for the quarter, compared to analysts’ expectations of $834.10 billion. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business 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. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.26%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.46%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TSM shares. Barclays reissued an “overweight” rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Finally, Susquehanna restated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $217.00.

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.