Traynor Capital Management Inc. Acquires 52 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Traynor Capital Management Inc. raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.4% in the fourth quarter, Holdings Channel reports. The firm owned 1,566 shares of the semiconductor company’s stock after purchasing an additional 52 shares during the period. Traynor Capital Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Independent Wealth Network Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $210,000. Wesbanco Bank Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 105.1% in the 4th quarter. Wesbanco Bank Inc. now owns 15,860 shares of the semiconductor company’s stock worth $3,132,000 after purchasing an additional 8,128 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 2.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 332,198 shares of the semiconductor company’s stock worth $65,606,000 after purchasing an additional 6,722 shares during the period. Dakota Wealth Management grew its holdings in Taiwan Semiconductor Manufacturing by 99.4% during the fourth quarter. Dakota Wealth Management now owns 17,357 shares of the semiconductor company’s stock valued at $3,428,000 after purchasing an additional 8,654 shares during the period. Finally, XML Financial LLC increased its position in Taiwan Semiconductor Manufacturing by 2.0% in the fourth quarter. XML Financial LLC now owns 2,660 shares of the semiconductor company’s stock worth $525,000 after buying an additional 53 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on TSM. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 0.5 %

Shares of TSM opened at $224.36 on Friday. The business’s 50-day moving average price is $199.64 and its 200-day moving average price is $185.24. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $112.61 and a twelve month high of $225.43. The stock has a market cap of $1.16 trillion, a PE ratio of 31.87, a P/E/G ratio of 0.74 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its 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%. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a yield of 0.98%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.27%.

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.