Jupiter Wealth Management LLC cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,016 shares of the semiconductor company’s stock after selling 912 shares during the period. Jupiter Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,420,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in TSM. Meeder Asset Management Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 76.2% during the first quarter. Meeder Asset Management Inc. now owns 749 shares of the semiconductor company’s stock valued at $89,000 after acquiring an additional 324 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in Taiwan Semiconductor Manufacturing in the first quarter worth about $74,000. Centaurus Financial Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the first quarter worth about $107,000. Sandy Spring Bank grew its stake in Taiwan Semiconductor Manufacturing by 4.3% in the first quarter. Sandy Spring Bank now owns 34,998 shares of the semiconductor company’s stock worth $4,139,000 after purchasing an additional 1,428 shares in the last quarter. Finally, Manchester Financial Inc. bought a new position in Taiwan Semiconductor Manufacturing in the first quarter worth about $30,000. Institutional investors own 14.63% of the company’s stock.
Get Taiwan Semiconductor Manufacturing alerts: NYSE:TSM traded up $1.44 during midday trading on Thursday, hitting $123.33. 180,497 shares of the stock were exchanged, compared to its average volume of 10,467,242. The company has a current ratio of 1.92, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $639.60 billion, a price-to-earnings ratio of 32.42, a P/E/G ratio of 1.84 and a beta of 0.89. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $76.17 and a one year high of $142.20. The business has a 50-day moving average price of $117.51 and a two-hundred day moving average price of $117.80.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.93. The firm had revenue of $372.15 billion for the quarter, compared to analyst estimates of $372.58 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.14% and a return on equity of 29.17%. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.66 earnings per share. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 13th. Shareholders of record on Friday, December 17th will be given a dividend of $0.4941 per share. This represents a $1.98 annualized dividend and a yield of 1.60%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, December 16th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 41.59%.
TSM has been the topic of a number of recent research reports. Susquehanna Bancshares raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and raised their target price for the stock from $85.00 to $105.00 in a report on Wednesday, June 30th. Argus initiated coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 22nd. They issued a “buy” rating and a $150.00 target price on the stock. Needham & Company LLC initiated coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, July 13th. They issued a “buy” rating and a $123.05 target price on the stock. Zacks Investment Research cut shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “sell” rating in a report on Tuesday, August 31st. Finally, Morgan Stanley cut shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a report on Monday, June 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Hold” and a consensus price target of $127.72.
Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.
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