RDA Financial Network Raises Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

RDA Financial Network raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,390 shares of the semiconductor company’s stock after purchasing an additional 1,207 shares during the quarter. RDA Financial Network’s holdings in Taiwan Semiconductor Manufacturing were worth $2,249,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. FWG Holdings LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.6% in the 3rd quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock worth $539,000 after acquiring an additional 50 shares during the last quarter. Elmwood Wealth Management Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 3.7% during the fourth quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock worth $277,000 after purchasing an additional 50 shares in the last quarter. Defender Capital LLC. boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.7% during the third quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock worth $272,000 after buying an additional 56 shares during the period. Hardy Reed LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 1.2% in the third quarter. Hardy Reed LLC now owns 4,635 shares of the semiconductor company’s stock valued at $805,000 after buying an additional 56 shares in the last quarter. Finally, Logan Capital Management Inc. grew its position in Taiwan Semiconductor Manufacturing by 20.1% in the 3rd quarter. Logan Capital Management Inc. now owns 334 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Barclays upped their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $217.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $215.06 on Friday. The firm has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 34.46, a PEG ratio of 0.76 and a beta of 1.07. The firm’s fifty day simple moving average is $197.53 and its 200-day simple moving average is $183.96. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $100.00 and a twelve month high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data 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 return on equity of 27.44% and a net margin of 39.10%. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 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. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.02%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 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.