Foguth Wealth Management LLC. Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) – MarketBeat

Foguth Wealth Management LLC. purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,241 shares of the semiconductor company’s stock, valued at approximately $713,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSM. First Bank & Trust raised its position in Taiwan Semiconductor Manufacturing by 8.2% in the first quarter. First Bank & Trust now owns 3,142 shares of the semiconductor company’s stock worth $427,000 after acquiring an additional 237 shares during the period. Grimes & Company Inc. raised its position in Taiwan Semiconductor Manufacturing by 0.8% in the first quarter. Grimes & Company Inc. now owns 249,980 shares of the semiconductor company’s stock worth $34,010,000 after acquiring an additional 2,018 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth about $361,000. Toth Financial Advisory Corp raised its position in Taiwan Semiconductor Manufacturing by 3.3% in the first quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock worth $311,000 after acquiring an additional 74 shares during the period. Finally, Opinicus Capital Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth about $2,094,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.
Taiwan Semiconductor Manufacturing stock traded up $2.18 during midday trading on Friday, reaching $173.81. 11,216,068 shares of the stock were exchanged, compared to its average volume of 15,412,981. The company’s fifty day moving average is $155.76 and its 200-day moving average is $135.07. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The firm has a market cap of $901.45 billion, a PE ratio of 33.11, a PEG ratio of 1.19 and a beta of 1.11. 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 – Get Free Report) last posted its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. The business had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. This represents a $1.95 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.76%.
Several analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, May 22nd. Barclays boosted their price target 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. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. TD Cowen boosted their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. Finally, Sanford C. Bernstein boosted 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. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $173.60.
Read Our Latest Research Report on Taiwan Semiconductor Manufacturing
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.

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