Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 18,738 shares of the semiconductor company’s stock after buying an additional 1,526 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,549,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CapWealth Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 21.1% in the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after buying an additional 21,329 shares during the period. Dodge & Cox purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $6,396,000. Fisher Asset Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after purchasing an additional 442,289 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $553,000. Finally, Credit Capital Investments LLC lifted its stake in Taiwan Semiconductor Manufacturing by 9.4% during the fourth quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock worth $6,032,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Susquehanna upped their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the stock a “positive” rating in a report on Thursday. Finally, Sanford C. Bernstein upped their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.60.

Taiwan Semiconductor Manufacturing Price Performance

TSM traded down $6.55 during trading on Thursday, reaching $184.50. 20,947,102 shares of the stock were exchanged, compared to its average volume of 15,162,821. The business’s 50 day moving average price is $163.30 and its two-hundred day moving average price is $139.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. The company has a market capitalization of $956.89 billion, a price-to-earnings ratio of 35.78, a P/E/G ratio of 1.28 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $193.47.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a $0.4865 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.57%.

About Taiwan Semiconductor Manufacturing

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.