Schulz Wealth LTD. Decreases Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Schulz Wealth LTD. reduced its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 13.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,640 shares of the semiconductor company’s stock after selling 265 shares during the quarter. Schulz Wealth LTD.’s holdings in Taiwan Semiconductor Manufacturing were worth $272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its holdings in Taiwan Semiconductor Manufacturing by 67.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company’s stock worth $2,047,065,000 after buying an additional 4,158,772 shares during the period. FMR LLC increased its holdings in Taiwan Semiconductor Manufacturing by 4.6% in the 4th quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company’s stock worth $11,562,498,000 after buying an additional 2,572,488 shares during the period. Sarasin & Partners LLP acquired a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $362,773,000. Franklin Resources Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 32.3% in the 4th quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company’s stock worth $1,678,283,000 after buying an additional 2,074,329 shares during the period. Finally, Northern Trust Corp increased its holdings in Taiwan Semiconductor Manufacturing by 45.2% in the 4th quarter. Northern Trust Corp now owns 6,244,965 shares of the semiconductor company’s stock worth $1,233,318,000 after buying an additional 1,944,328 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TSM has been the topic of several research reports. Susquehanna increased their price target on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a “positive” rating in a report on Tuesday, June 17th. Barclays reiterated an “overweight” rating and issued a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Needham & Company LLC raised their price objective on shares of 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $233.75.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $235.49 on Friday. The stock has a market capitalization of $1.22 trillion, a price-to-earnings ratio of 30.27, a PEG ratio of 1.22 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $237.58. The firm’s 50 day simple moving average is $200.39 and its 200-day simple moving average is $191.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The business had revenue of $25.82 billion for the quarter, compared to analysts’ expectations of $834.10 billion. Analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS 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. Investors of record on Tuesday, September 16th will be paid a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.10%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 33.42%.

Taiwan Semiconductor Manufacturing Company 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.