Goldstein Advisors LLC Buys 95 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Goldstein Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,107 shares of the semiconductor company’s stock after purchasing an additional 95 shares during the quarter. Goldstein Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Guardian Partners Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $9,222,000. Pinnacle Investment Management Ltd bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $26,661,000. Alphinity Investment Management Pty Ltd bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $349,241,000. Sentry LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at about $222,000. Finally, Red Crane Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $320,000. Institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TSM. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Barclays reiterated an “overweight” rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Finally, Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a “positive” rating in a research note on Tuesday, June 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $222.50.

Taiwan Semiconductor Manufacturing Trading Up 1.1%

Shares of NYSE:TSM opened at $222.56 on Thursday. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $133.57 and a 52-week high of $226.40. The stock has a market cap of $1.15 trillion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.14 and a beta of 1.27. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $190.02 and a 200-day moving average price of $189.89.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The firm had revenue of $25.82 billion during the quarter, compared to analysts’ expectations of $834.10 billion. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s payout ratio is 30.59%.

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.