Janiczek Wealth Management LLC Has $1.53 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Janiczek Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,263 shares of the semiconductor company’s stock after buying an additional 1,222 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC grew its holdings in Taiwan Semiconductor Manufacturing by 68.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 4,546 shares of the semiconductor company’s stock worth $618,000 after acquiring an additional 1,842 shares during the last quarter. DGS Capital Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 1.9% during the 1st quarter. DGS Capital Management LLC now owns 17,320 shares of the semiconductor company’s stock worth $2,356,000 after acquiring an additional 331 shares during the last quarter. Aletheian Wealth Advisors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at $202,000. Sunpointe LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 31.6% in the 1st quarter. Sunpointe LLC now owns 6,669 shares of the semiconductor company’s stock valued at $911,000 after purchasing an additional 1,603 shares during the last quarter. Finally, TrueMark Investments LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at $2,211,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

TSM traded up $0.81 on Thursday, reaching $172.88. The company had a trading volume of 7,045,530 shares, compared to its average volume of 15,114,704. The business has a 50 day simple moving average of $154.04 and a 200 day simple moving average of $133.84. The company has a market cap of $896.63 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 1.18 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $184.86.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.29 by $0.09. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. Sanford C. Bernstein increased their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Susquehanna upped their price objective on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a report on Monday, June 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.60.

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.