Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Evoke Wealth LLC – Defense World
Posted by Defense World Staff on Jun 3rd, 2024 
Evoke Wealth LLC lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 28.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,035 shares of the semiconductor company’s stock after purchasing an additional 888 shares during the quarter. Evoke Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $421,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sigma Planning Corp increased its stake in Taiwan Semiconductor Manufacturing by 7.6% during the third quarter. Sigma Planning Corp now owns 4,978 shares of the semiconductor company’s stock worth $433,000 after acquiring an additional 351 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 1.6% during the third quarter. Kingsview Wealth Management LLC now owns 14,921 shares of the semiconductor company’s stock worth $1,297,000 after acquiring an additional 233 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in Taiwan Semiconductor Manufacturing by 9.8% during the third quarter. Kestra Private Wealth Services LLC now owns 13,213 shares of the semiconductor company’s stock worth $1,148,000 after acquiring an additional 1,183 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in Taiwan Semiconductor Manufacturing by 39.0% during the third quarter. Avantax Advisory Services Inc. now owns 53,744 shares of the semiconductor company’s stock worth $4,670,000 after acquiring an additional 15,082 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth $32,167,000. Institutional investors and hedge funds own 16.51% of the company’s stock.
NYSE:TSM opened at $151.04 on Monday. The firm has a market cap of $783.36 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 1.08 and a beta of 1.11. The stock has a fifty day moving average price of $143.83 and a 200 day moving average price of $125.11. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $160.78. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last released its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. The firm had revenue of $18.87 billion during the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a $0.4865 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.
A number of equities research analysts have recently weighed in on TSM shares. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. Finally, Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.
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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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