Capital Investment Advisory Services LLC Has $396,000 Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Capital Investment Advisory Services LLC boosted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,809 shares of the semiconductor company’s stock after purchasing an additional 297 shares during the period. Capital Investment Advisory Services LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TSM. Financial Gravity Asset Management Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 208.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 211 shares in the last quarter. Farmers & Merchants Investments Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $31,000. Creative Financial Designs Inc. ADV grew its position in shares of Taiwan Semiconductor Manufacturing by 108.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 162 shares during the last quarter. Baystate Wealth Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 53.5% in the 3rd quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 138 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. TD Cowen upped their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, April 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. Finally, Barclays upped their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Up 2.9 %

Shares of NYSE:TSM opened at $133.49 on Wednesday. The business’s 50 day simple moving average is $136.61 and its two-hundred day simple moving average is $114.01. The firm has a market cap of $692.33 billion, a P/E ratio of 25.43, a PEG ratio of 0.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $81.21 and a 52-week high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a $0.4408 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

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.