BKM Wealth Management LLC Buys 528 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

BKM Wealth Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,354 shares of the semiconductor company’s stock after purchasing an additional 528 shares during the period. BKM Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $592,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Diversified Trust Co boosted its stake in shares of Taiwan Semiconductor Manufacturing by 21.4% during the 1st quarter. Diversified Trust Co now owns 57,012 shares of the semiconductor company’s stock valued at $7,756,000 after purchasing an additional 10,049 shares in the last quarter. Chapin Davis Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $280,000. Barry Investment Advisors LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $205,000. SteelPeak Wealth LLC lifted its position in Taiwan Semiconductor Manufacturing by 9.3% during the 1st quarter. SteelPeak Wealth LLC now owns 2,312 shares of the semiconductor company’s stock valued at $316,000 after acquiring an additional 196 shares during the period. Finally, Gradient Capital Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing by 2.9% during the 1st quarter. Gradient Capital Advisors LLC now owns 3,554 shares of the semiconductor company’s stock valued at $484,000 after acquiring an additional 99 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM traded down $0.91 during trading hours on Monday, hitting $172.90. 6,644,494 shares of the company’s stock traded hands, compared to its average volume of 15,046,305. The business’s fifty day moving average price is $155.76 and its two-hundred day moving average price is $135.07. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $896.73 billion, a P/E ratio of 32.66, a P/E/G ratio of 1.19 and a beta of 1.14. 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 announced its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. The firm had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TSM. Sanford C. Bernstein lifted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna lifted their target price 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, TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $173.60.

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.