PFG Advisors Purchases New Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)



PFG Advisors acquired a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,058 shares of the semiconductor company’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TSM. Rise Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $26,000. Curi Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $28,000. Asset Dedication LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 176.2% during the fourth quarter. Asset Dedication LLC now owns 290 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 185 shares during the last quarter. Retirement Planning Co of New England Inc. Purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $37,000. Finally, Rather & Kittrell Inc. Purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $37,000.

TSM opened at $77.00 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.85 and a debt-to-equity ratio of 0.28. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $76.18 and a 1-year high of $145.00. The company has a market capitalization of $399.33 billion, a PE ratio of 16.89 and a beta of 0.94. The firm’s 50 day simple moving average is $89.85 and its two-hundred day simple moving average is $105.97.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last released its quarterly earnings results on Thursday, April 14th. The semiconductor company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.44% and a return on equity of 30.84%. The business had revenue of $491.08 billion for the quarter, compared to the consensus estimate of $471.53 billion. During the same period last year, the firm earned $0.96 earnings per share. The company’s quarterly revenue was up 35.5% on a year-over-year basis. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 5.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 16th will be given a $0.4625 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.85 annualized dividend and a yield of 2.40%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.46%.

TSM has been the topic of a number of recent analyst reports. StockNews.com assumed coverage on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, March 31st. They set a “buy” rating on the stock. Loop Capital assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 21st. They set a “buy” rating on the stock. downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 14th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.50.

About Taiwan Semiconductor Manufacturing (Get Rating)

Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)



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