Congress Wealth Management LLC DE Has $4.76 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Congress Wealth Management LLC DE lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,123 shares of the semiconductor company’s stock after buying an additional 1,039 shares during the period. Congress Wealth Management LLC DE’s holdings in Taiwan Semiconductor Manufacturing were worth $4,764,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Larson Financial Group LLC raised its stake in Taiwan Semiconductor Manufacturing by 153.4% during the third quarter. Larson Financial Group LLC now owns 2,035 shares of the semiconductor company’s stock worth $353,000 after acquiring an additional 1,232 shares in the last quarter. Summit Trail Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 51.9% during the 3rd quarter. Summit Trail Advisors LLC now owns 3,839 shares of the semiconductor company’s stock worth $669,000 after purchasing an additional 1,311 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 7.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 23,148 shares of the semiconductor company’s stock worth $4,021,000 after purchasing an additional 1,600 shares in the last quarter. Independent Advisor Alliance lifted its holdings in Taiwan Semiconductor Manufacturing by 13.7% during the 3rd quarter. Independent Advisor Alliance now owns 23,846 shares of the semiconductor company’s stock valued at $4,141,000 after purchasing an additional 2,865 shares during the last quarter. Finally, Boston Family Office LLC boosted its position in Taiwan Semiconductor Manufacturing by 70.0% in the third quarter. Boston Family Office LLC now owns 3,399 shares of the semiconductor company’s stock valued at $590,000 after buying an additional 1,399 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 0.1 %

Shares of NYSE TSM opened at $180.92 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. The firm’s 50-day moving average is $194.86 and its 200-day moving average is $192.62. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $938.33 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.52%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.68%.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.