Circle Wealth Management LLC Buys 9,170 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Circle Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 182.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,195 shares of the semiconductor company’s stock after purchasing an additional 9,170 shares during the quarter. Circle Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TSM. Seed Wealth Management Inc. lifted its position in Taiwan Semiconductor Manufacturing by 1.3% during the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock worth $792,000 after acquiring an additional 57 shares during the last quarter. Keudell Morrison Wealth Management increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.5% in the second quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 59 shares during the period. Clifford Swan Investment Counsel LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 1.4% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 4,798 shares of the semiconductor company’s stock worth $834,000 after purchasing an additional 66 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 0.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,733 shares of the semiconductor company’s stock valued at $3,082,000 after purchasing an additional 66 shares during the period. Finally, Cadence Bank grew its holdings in Taiwan Semiconductor Manufacturing by 0.5% in the 1st quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock valued at $2,041,000 after buying an additional 69 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Down 1.2 %

Shares of TSM stock opened at $174.08 on Friday. The firm has a fifty day moving average of $167.03 and a 200-day moving average of $158.00. The stock has a market cap of $902.85 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 0.99 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 $193.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly 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 firm had revenue of $20.82 billion during 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%. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 earnings per share. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.4871 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.12%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 36.95%.

Analyst Ratings Changes

TSM has been the subject of a number of research analyst reports. Susquehanna reiterated a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein upped their price objective 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. Finally, Needham & Company LLC increased their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Company 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.