Redhawk Wealth Advisors Inc. Invests $227,000 in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Redhawk Wealth Advisors Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,148 shares of the semiconductor company’s stock, valued at approximately $227,000.

Other institutional investors have also added to or reduced their stakes in the company. Axxcess Wealth Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 55.6% in the second quarter. Axxcess Wealth Management LLC now owns 11,164 shares of the semiconductor company’s stock valued at $1,940,000 after acquiring an additional 3,991 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in Taiwan Semiconductor Manufacturing by 2.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 113,657 shares of the semiconductor company’s stock worth $19,755,000 after purchasing an additional 2,578 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Taiwan Semiconductor Manufacturing by 33.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 30,968 shares of the semiconductor company’s stock valued at $5,383,000 after purchasing an additional 7,727 shares during the period. Blair William & Co. IL grew its position in shares of Taiwan Semiconductor Manufacturing by 24.2% during the 2nd quarter. Blair William & Co. IL now owns 79,627 shares of the semiconductor company’s stock valued at $13,840,000 after purchasing an additional 15,522 shares in the last quarter. Finally, Waterloo Capital L.P. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 11.2% in the second quarter. Waterloo Capital L.P. now owns 1,810 shares of the semiconductor company’s stock worth $315,000 after purchasing an additional 182 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TSM. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $217.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $215.06 on Friday. The business’s 50-day moving average price is $197.53 and its 200-day moving average price is $183.96. The firm has a market capitalization of $1.12 trillion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $100.00 and a 12 month high of $222.20. 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 (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.02%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 35.10%.

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.