AE Wealth Management LLC Buys 1,328 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

AE Wealth Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,481 shares of the semiconductor company’s stock after acquiring an additional 1,328 shares during the quarter. AE Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,517,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TSM. Johnson Financial Group Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $25,000. LifeSteps Financial Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $27,000. Olistico Wealth LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $27,000. Finally, Valley Wealth Managers Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $27,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $174.08 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two week high of $193.47. The stock has a market capitalization of $902.85 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 0.99 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The business has a 50-day moving average of $167.03 and a 200-day moving average of $158.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue was up 34.6% compared to the same quarter last year. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company 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 $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 36.95%.

Analysts Set New Price Targets

TSM has been the topic of several research analyst reports. TD Cowen raised their target price 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. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Needham & Company LLC increased their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Susquehanna restated a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Finally, Sanford C. Bernstein upped their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

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.