Certified Advisory Corp Buys 104 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Certified Advisory Corp grew its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 7.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,535 shares of the semiconductor company’s stock after buying an additional 104 shares during the quarter. Certified Advisory Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $255,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. First Heartland Consultants Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 4.2% in the 4th quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company’s stock worth $244,000 after purchasing an additional 50 shares during the period. Formidable Asset Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.2% in the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company’s stock valued at $317,000 after purchasing an additional 50 shares in the last quarter. Connecticut Wealth Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.7% during the fourth quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company’s stock worth $1,465,000 after buying an additional 55 shares during the period. WealthCollab LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 6.7% during the fourth quarter. WealthCollab LLC now owns 891 shares of the semiconductor company’s stock worth $176,000 after buying an additional 56 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its position in Taiwan Semiconductor Manufacturing by 1.1% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 5,455 shares of the semiconductor company’s stock valued at $1,077,000 after buying an additional 59 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on TSM. Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a “positive” rating in a report on Monday, July 14th. Barclays reissued an “overweight” rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $258.33.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $235.28 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $133.57 and a 12-month high of $248.28. The firm has a market capitalization of $1.22 trillion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 1.16 and a beta of 1.19. The stock’s 50 day moving average price is $222.20 and its two-hundred day moving average price is $196.06. The company has a quick ratio of 2.18, a current ratio of 2.37 and a debt-to-equity ratio of 0.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The business had revenue of $30.07 billion for the quarter, compared to analyst estimates of $28.50 billion. During the same period in the previous year, the firm earned $1.48 EPS. The firm’s revenue was up 44.4% compared to the same quarter last year. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. 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. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 28.16%.

Taiwan Semiconductor Manufacturing 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.