Iron Horse Wealth Management LLC Has $33,000 Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Iron Horse Wealth Management LLC lessened its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 28.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 200 shares of the semiconductor company’s stock after selling 79 shares during the period. Iron Horse Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $33,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. New York State Common Retirement Fund raised its stake in shares of Taiwan Semiconductor Manufacturing by 2.2% in the first quarter. New York State Common Retirement Fund now owns 1,187,986 shares of the semiconductor company’s stock worth $197,206,000 after purchasing an additional 26,111 shares during the last quarter. Financial Security Advisor Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 27.4% in the first quarter. Financial Security Advisor Inc. now owns 2,244 shares of the semiconductor company’s stock worth $374,000 after acquiring an additional 483 shares during the period. Mutual of America Capital Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $6,344,000. FDx Advisors Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 3.8% during the first quarter. FDx Advisors Inc. now owns 8,609 shares of the semiconductor company’s stock valued at $1,429,000 after buying an additional 316 shares during the period. Finally, BankPlus Trust Department boosted its stake in Taiwan Semiconductor Manufacturing by 6.2% during the first quarter. BankPlus Trust Department now owns 8,117 shares of the semiconductor company’s stock valued at $1,347,000 after buying an additional 475 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Up 0.3%

NYSE TSM opened at $230.38 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $133.57 and a fifty-two week high of $237.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. The stock has a 50 day simple moving average of $206.45 and a two-hundred day simple moving average of $192.39. The stock has a market cap of $1.19 trillion, a P/E ratio of 29.61, a price-to-earnings-growth ratio of 1.25 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $834.10 billion. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be given a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.13%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.75%.

Analysts Set New Price Targets

TSM has been the subject of several research analyst reports. Barclays reissued an “overweight” rating and set a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a “positive” rating in a research note on Tuesday, June 17th. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Needham & Company LLC lifted their price target on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $233.75.

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.