Avaii Wealth Management LLC Has $313,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Avaii Wealth Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,888 shares of the semiconductor company’s stock after acquiring an additional 142 shares during the period. Avaii Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $313,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TSM. CRA Financial Services LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 41.0% in the 1st quarter. CRA Financial Services LLC now owns 1,557 shares of the semiconductor company’s stock valued at $258,000 after buying an additional 453 shares during the period. Viewpoint Investment Partners Corp acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $277,000. Farmers & Merchants Investments Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 11.0% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 96,489 shares of the semiconductor company’s stock valued at $16,017,000 after buying an additional 9,527 shares during the period. Stock Yards Bank & Trust Co. grew its stake in shares of Taiwan Semiconductor Manufacturing by 49.7% in the 1st quarter. Stock Yards Bank & Trust Co. now owns 6,480 shares of the semiconductor company’s stock valued at $1,076,000 after buying an additional 2,150 shares during the period. Finally, Griffin Asset Management Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 69.4% in the 1st quarter. Griffin Asset Management Inc. now owns 4,327 shares of the semiconductor company’s stock valued at $718,000 after buying an additional 1,772 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $211.07 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $133.57 and a 52 week high of $226.40. The company’s 50 day moving average price is $180.24 and its two-hundred day moving average price is $188.72. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.09 trillion, a P/E ratio of 29.98, a P/E/G ratio of 0.66 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The firm had revenue of $25.82 billion for the quarter, compared to analysts’ expectations of $834.10 billion. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.23%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.46%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TSM shares. Barclays reiterated an “overweight” rating and set a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Susquehanna reiterated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Finally, Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $217.00.

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.