1,172 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Purchased by Wealthquest Corp

Wealthquest Corp purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,172 shares of the semiconductor company’s stock, valued at approximately $231,000.

A number of other hedge funds also recently modified their holdings of TSM. Private Client Services LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $201,000. Trust Co of the South increased its holdings in 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 valued at $1,752,000 after buying an additional 6,204 shares during the period. Headwater Capital Co Ltd acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $49,372,000. NRI Wealth Management LC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $1,545,000. Finally, FNY Investment Advisers LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 194.2% during the 4th quarter. FNY Investment Advisers LLC now owns 16,115 shares of the semiconductor company’s stock valued at $3,182,000 after acquiring an additional 10,637 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 1.5 %

Shares of TSM opened at $211.52 on Tuesday. The stock has a fifty day moving average price of $198.02 and a two-hundred day moving average price of $184.52. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company has a market cap of $1.10 trillion, a price-to-earnings ratio of 30.05, a PEG ratio of 0.71 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $109.48 and a 52-week high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 8.98 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.04%. 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 currently 27.27%.

Analyst Ratings Changes

A number of research analysts have commented on TSM shares. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $220.00.

About Taiwan Semiconductor Manufacturing

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.