Cyndeo Wealth Partners LLC Acquires 3,151 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cyndeo Wealth Partners LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 53,805 shares of the semiconductor company’s stock after acquiring an additional 3,151 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $9,344,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. RFG Advisory LLC raised its position in Taiwan Semiconductor Manufacturing by 17.1% during the 1st quarter. RFG Advisory LLC now owns 2,635 shares of the semiconductor company’s stock worth $359,000 after purchasing an additional 385 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 62.9% in the first quarter. International Assets Investment Management LLC now owns 3,351 shares of the semiconductor company’s stock valued at $474,000 after buying an additional 1,294 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $119,000. First PREMIER Bank lifted its stake in shares of Taiwan Semiconductor Manufacturing by 58.0% in the first quarter. First PREMIER Bank now owns 316 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 116 shares during the period. Finally, Global Assets Advisory LLC bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $3,099,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TSM. TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. Finally, Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $200.78 on Friday. The stock has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 38.24, a PEG ratio of 1.13 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.95 and a 52-week high of $212.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The stock’s 50 day moving average price is $175.31 and its two-hundred day moving average price is $164.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.11. The business had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 earnings per share. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 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 Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 36.95%.

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.