New Insight Wealth Advisors Has $1.42 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

New Insight Wealth Advisors cut its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,209 shares of the semiconductor company’s stock after selling 287 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 0.7% of New Insight Wealth Advisors’ holdings, making the stock its 27th biggest holding. New Insight Wealth Advisors’ holdings in Taiwan Semiconductor Manufacturing were worth $1,424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TSM. Stonebridge Financial Group LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $25,000. Roxbury Financial LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $29,000. Archer Investment Corp lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 62 shares during the last quarter. OLD Second National Bank of Aurora lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 169.8% in the 3rd quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 146 shares during the last quarter. Finally, Endeavor Private Wealth Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $176.58 on Monday. The stock has a market capitalization of $915.80 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. 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 52 week low of $125.78 and a 52 week high of $226.40. The firm has a 50-day simple moving average of $202.05 and a 200-day simple moving average of $191.90.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) 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%. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.55%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.68%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TSM shares. Barclays lifted 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 report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $220.00.

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.