Schrum Private Wealth Management LLC Purchases 70 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Schrum Private Wealth Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,683 shares of the semiconductor company’s stock after buying an additional 70 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 1.2% of Schrum Private Wealth Management LLC’s holdings, making the stock its 22nd largest holding. Schrum Private Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,335,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TSM. Mather Group LLC. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 2.0% during the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock worth $501,000 after purchasing an additional 96 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 42.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 18,783 shares of the semiconductor company’s stock worth $1,953,000 after purchasing an additional 5,570 shares during the last quarter. Auxano Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $227,000. Mission Wealth Management LP lifted its stake in shares of Taiwan Semiconductor Manufacturing by 5.8% during the 4th quarter. Mission Wealth Management LP now owns 5,662 shares of the semiconductor company’s stock worth $589,000 after purchasing an additional 311 shares during the last quarter. Finally, Brighton Jones LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 75.8% during the 4th quarter. Brighton Jones LLC now owns 4,261 shares of the semiconductor company’s stock worth $443,000 after purchasing an additional 1,837 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on TSM. Sanford C. Bernstein increased their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Needham & Company LLC increased their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Susquehanna reiterated a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Finally, Barclays increased their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM traded up $2.55 during trading on Friday, hitting $171.70. The stock had a trading volume of 9,481,403 shares, compared to its average volume of 15,887,577. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47. The stock has a market capitalization of $890.51 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 0.99 and a beta of 1.14. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The stock has a 50-day simple moving average of $170.72 and a two-hundred day simple moving average of $153.59.

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 the consensus estimate 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 firm had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. During the same period last year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. On average, equities research analysts expect 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 paid a $0.4871 dividend. This represents a $1.95 annualized dividend and a dividend yield of 1.13%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 36.95%.

About 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.