Wealthspire Advisors LLC Raises Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Wealthspire Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 16.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,588 shares of the semiconductor company’s stock after acquiring an additional 793 shares during the period. Wealthspire Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 4.3% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock worth $7,052,000 after purchasing an additional 1,476 shares in the last quarter. McHugh Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $605,000. OLD National Bancorp IN grew its stake in shares of Taiwan Semiconductor Manufacturing by 2.1% during the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock worth $22,357,000 after acquiring an additional 2,368 shares during the last quarter. Private Client Services LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $201,000. Finally, YHB Investment Advisors Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 6.9% in the 4th quarter. YHB Investment Advisors Inc. now owns 40,275 shares of the semiconductor company’s stock valued at $7,954,000 after purchasing an additional 2,604 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 3.4 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $191.54 on Tuesday. The stock has a market cap of $993.38 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. The firm has a fifty day moving average price of $205.59 and a 200 day moving average price of $191.26. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 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, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.43%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.11%.

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.