Tradition Wealth Management LLC Purchases 675 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Tradition Wealth Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 111.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,283 shares of the semiconductor company’s stock after purchasing an additional 675 shares during the period. Tradition Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $133,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TSM. Sigma Planning Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 7.6% during the 3rd quarter. Sigma Planning Corp now owns 4,978 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 351 shares during the period. Financial Counselors Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 6.6% during the 3rd quarter. Financial Counselors Inc. now owns 13,891 shares of the semiconductor company’s stock valued at $1,207,000 after purchasing an additional 865 shares during the period. Quantbot Technologies LP raised its position in shares of Taiwan Semiconductor Manufacturing by 40.6% during the 3rd quarter. Quantbot Technologies LP now owns 28,135 shares of the semiconductor company’s stock valued at $2,445,000 after purchasing an additional 8,118 shares during the period. Kingsview Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 1.6% during the 3rd quarter. Kingsview Wealth Management LLC now owns 14,921 shares of the semiconductor company’s stock valued at $1,297,000 after purchasing an additional 233 shares during the period. Finally, Premier Fund Managers Ltd increased its holdings in Taiwan Semiconductor Manufacturing by 21.6% in the 3rd quarter. Premier Fund Managers Ltd now owns 2,432 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 432 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Susquehanna lifted 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 shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM traded down $1.92 on Friday, reaching $151.04. The company’s stock had a trading volume of 13,782,609 shares, compared to its average volume of 11,551,768. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $160.78. The company has a market cap of $783.36 billion, a P/E ratio of 28.78, a PEG ratio of 1.10 and a beta of 1.13. The company has a 50-day simple moving average of $143.83 and a 200 day simple moving average of $124.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The firm had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.38 billion. As a group, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.29%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

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.