Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Holdings Boosted by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,654 shares of the semiconductor company’s stock after buying an additional 92 shares during the period. Armstrong Advisory Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $327,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Private Client Services LLC bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $201,000. Trust Co of the South raised its holdings in shares of Taiwan Semiconductor Manufacturing by 232.8% in the 4th quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock worth $1,752,000 after purchasing an additional 6,204 shares in the last quarter. Headwater Capital Co Ltd acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $49,372,000. NRI Wealth Management LC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $1,545,000. Finally, HF Advisory Group LLC grew its position in Taiwan Semiconductor Manufacturing by 55.5% in the third quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock worth $2,389,000 after buying an additional 4,907 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 2.7 %

Shares of NYSE TSM opened at $206.93 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $100.00 and a one year high of $222.20. The business has a 50-day moving average price of $197.26 and a two-hundred day moving average price of $183.79. The firm has a market capitalization of $1.07 trillion, a PE ratio of 33.16, a PEG ratio of 0.76 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.77%.

Wall Street Analysts Forecast Growth

TSM has been the subject of several research reports. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $214.00.

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.