BKM Wealth Management LLC Has $592,000 Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

BKM Wealth Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.8% during the 1st 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 quarter. BKM Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $592,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Tsfg LLC raised its position in Taiwan Semiconductor Manufacturing by 470.7% in the 1st quarter. Tsfg LLC now owns 234 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 193 shares during the last quarter. Indiana Trust & Investment Management CO bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $33,000. Johnson Financial Group Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $25,000. Sachetta LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $29,000. Finally, First Financial Corp IN bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.5 %

NYSE:TSM traded down $0.91 on Monday, reaching $172.90. The company’s stock had a trading volume of 6,644,494 shares, compared to its average volume of 15,046,305. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.01 and a 1-year high of $184.86. 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 $896.73 billion, a PE ratio of 32.66, a PEG ratio of 1.19 and a beta of 1.14. The business’s 50-day moving average price is $155.76 and its two-hundred day moving average price is $135.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted 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 analysts’ expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 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 Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a dividend of $0.4865 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TSM. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 17th. TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, Sanford C. Bernstein upped their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.