Lincoln National Corp Acquires 1,599 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Lincoln National Corp grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,472 shares of the semiconductor company’s stock after buying an additional 1,599 shares during the quarter. Lincoln National Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $881,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TSM. Wealthcare Advisory Partners LLC increased its stake in Taiwan Semiconductor Manufacturing by 8.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 2,704 shares of the semiconductor company’s stock worth $281,000 after purchasing an additional 201 shares during the period. Spire Wealth Management grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.1% in the fourth quarter. Spire Wealth Management now owns 11,461 shares of the semiconductor company’s stock worth $1,309,000 after purchasing an additional 127 shares during the last quarter. Evergreen Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.4% in the fourth quarter. Evergreen Wealth Management LLC now owns 19,623 shares of the semiconductor company’s stock worth $2,041,000 after buying an additional 460 shares during the period. Connecticut Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $791,000. Finally, Avidian Wealth Solutions LLC boosted its position in Taiwan Semiconductor Manufacturing by 6.5% during the 4th quarter. Avidian Wealth Solutions LLC now owns 2,827 shares of the semiconductor company’s stock valued at $294,000 after buying an additional 172 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Barclays raised their target price 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. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. Needham & Company LLC restated a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Finally, Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Down 0.6 %

Shares of NYSE:TSM opened at $142.79 on Friday. The company has a market cap of $740.57 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 1.01 and a beta of 1.13. The company has a 50-day moving average price of $138.94 and a 200 day moving average price of $117.51. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $82.53 and a 12 month high of $158.40. 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 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.