Valley Wealth Managers Inc. Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Valley Wealth Managers Inc. purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 154 shares of the semiconductor company’s stock, valued at approximately $27,000.

Several other institutional investors have also made changes to their positions in the stock. Johnson Financial Group Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $25,000. LifeSteps Financial Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth about $27,000. Olistico Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth about $27,000. Finally, North Star Investment Management Corp. raised its position in shares of Taiwan Semiconductor Manufacturing by 670.4% in the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 181 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $172.51 on Friday. The firm has a market capitalization of $894.71 billion, a P/E ratio of 32.86, a P/E/G ratio of 1.00 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $193.47. The stock has a 50 day moving average price of $168.64 and a two-hundred day moving average price of $156.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $20.33 billion. During the same period last year, the business posted $1.14 earnings per share. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% on a year-over-year basis. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a $0.4871 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.13%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.57%.

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.