Spire Wealth Management Purchases 127 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Spire Wealth Management grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,461 shares of the semiconductor company’s stock after purchasing an additional 127 shares during the quarter. Spire Wealth Management’s holdings in Taiwan Semiconductor Manufacturing were worth $1,309,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSM. Evergreen Wealth Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 2.4% during the 4th quarter. Evergreen Wealth Management LLC now owns 19,623 shares of the semiconductor company’s stock valued at $2,041,000 after purchasing an additional 460 shares during the period. Connecticut Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $791,000. Avidian Wealth Solutions LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 6.5% in the fourth quarter. Avidian Wealth Solutions LLC now owns 2,827 shares of the semiconductor company’s stock worth $294,000 after buying an additional 172 shares in the last quarter. FourThought Financial Partners LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 17.4% in the fourth quarter. FourThought Financial Partners LLC now owns 50,057 shares of the semiconductor company’s stock valued at $5,206,000 after acquiring an additional 7,405 shares during the period. Finally, TCG Advisory Services LLC increased its holdings in Taiwan Semiconductor Manufacturing by 334.4% during the 4th quarter. TCG Advisory Services LLC now owns 13,240 shares of the semiconductor company’s stock worth $1,377,000 after acquiring an additional 10,192 shares during the period. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

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

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $140.62 on Wednesday. The stock has a market cap of $729.31 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 1.01 and a beta of 1.13. The stock’s 50-day moving average is $138.61 and its 200 day moving average is $117.32. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $82.53 and a 1-year high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm 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. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.25%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 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.