Summit Wealth & Retirement Planning Inc. Makes New $240,000 Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)


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Summit Wealth & Retirement Planning Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, Holdings Channel reports. The firm purchased 2,205 shares of the semiconductor company’s stock, valued at approximately $240,000.

Other hedge funds have also modified their holdings of the company. TRUE Private Wealth Advisors acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $26,000. Prospera Financial Services Inc acquired a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $28,000. Moser Wealth Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $29,000. Firestone Capital Management lifted its position in Taiwan Semiconductor Manufacturing by 322.6% during the third quarter. Firestone Capital Management now owns 393 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 300 shares during the last quarter. Finally, Pflug Koory LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 18.27% of the company’s stock.

Shares of TSM stock traded down $5.05 on Tuesday, reaching $128.52. The company had a trading volume of 498,373 shares, compared to its average volume of 14,028,529. The business’s 50-day moving average is $127.81 and its 200 day moving average is $99.12. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $42.70 and a one year high of $142.20. The company has a quick ratio of 1.56, a current ratio of 1.75 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $666.52 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 1.26 and a beta of 0.99.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 14th. The semiconductor company reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.05. The business had revenue of $12.68 billion during the quarter, compared to analysts’ expectations of $12.90 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.94% and a return on equity of 28.73%. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 4.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Friday, June 18th will be issued a dividend of $0.3527 per share. This represents a $1.41 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, June 17th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 41.59%.

TSM has been the subject of several research reports. Susquehanna Bancshares reissued a “sell” rating and set a $74.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, January 26th. Susquehanna reissued a “sell” rating and set a $74.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, January 26th. Sanford C. Bernstein upgraded shares of Taiwan Semiconductor Manufacturing from a “market perform” rating to an “outperform” rating and set a $149.00 price target on the stock in a research report on Tuesday, January 12th. Finally, Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Thursday, January 7th. Two research analysts have rated the stock with a sell rating and seven have given a buy rating to the stock. Taiwan Semiconductor Manufacturing has an average rating of “Buy” and a consensus target price of $105.75.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.

Read More: Why is the ex-dividend date different from the record date?

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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