Cornerstone Wealth Group LLC Buys 96 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Cornerstone Wealth Group LLC raised its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 5.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,017 shares of the semiconductor company’s stock after buying an additional 96 shares during the period. Cornerstone Wealth Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of TSM. Price T Rowe Associates Inc. MD raised its holdings 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. FMR LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 4.6% in the fourth quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company’s stock valued at $11,562,498,000 after purchasing an additional 2,572,488 shares during the last quarter. Sarasin & Partners LLP bought a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter worth approximately $362,773,000. Franklin Resources Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 32.3% during the 4th quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company’s stock worth $1,678,283,000 after purchasing an additional 2,074,329 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Taiwan Semiconductor Manufacturing by 45.2% in the 4th quarter. Northern Trust Corp now owns 6,244,965 shares of the semiconductor company’s stock valued at $1,233,318,000 after purchasing an additional 1,944,328 shares during the period. 16.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on TSM shares. Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a “positive” rating in a research report on Tuesday, June 17th. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, Barclays reaffirmed an “overweight” rating and set a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $222.50.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $220.03 on Wednesday. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $133.57 and a twelve month high of $226.40. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $188.59 and its 200 day simple moving average is $189.67. The firm has a market capitalization of $1.14 trillion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.09 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to analysts’ expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. On average, analysts anticipate 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, October 9th. Shareholders of record on Tuesday, September 16th will be given a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.18%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.59%.

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.