Hennion & Walsh Asset Management Inc. Purchases 1,407 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,551 shares of the semiconductor company’s stock after acquiring an additional 1,407 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,281,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TSM. Reston Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $25,000. Fairscale Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $32,000. Sugarloaf Wealth Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 77.1% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 81 shares in the last quarter. Archer Investment Corp raised its stake in shares of Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 62 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 108.0% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 108 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TSM has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $211.52 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $109.48 and a 12-month high of $222.20. The firm has a market capitalization of $1.10 trillion, a P/E ratio of 33.90, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. The stock’s 50 day moving average price is $197.81 and its two-hundred day moving average price is $184.17. 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 (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Tuesday, March 18th. 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 presently 30.77%.

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.