Diversify Wealth Management LLC Boosts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Diversify Wealth Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 67.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,817 shares of the semiconductor company’s stock after acquiring an additional 4,763 shares during the period. Diversify Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TSM. King Luther Capital Management Corp increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.7% in the 2nd quarter. King Luther Capital Management Corp now owns 6,812 shares of the semiconductor company’s stock valued at $1,184,000 after purchasing an additional 308 shares in the last quarter. AE Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing by 10.1% during the second quarter. AE Wealth Management LLC now owns 14,481 shares of the semiconductor company’s stock worth $2,517,000 after buying an additional 1,328 shares during the period. Skandinaviska Enskilda Banken AB publ increased its holdings in Taiwan Semiconductor Manufacturing by 23,886.2% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 13,912 shares of the semiconductor company’s stock valued at $2,420,000 after buying an additional 13,854 shares in the last quarter. Summit Trail Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 24.2% during the 2nd quarter. Summit Trail Advisors LLC now owns 2,528 shares of the semiconductor company’s stock valued at $441,000 after acquiring an additional 493 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 0.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,733 shares of the semiconductor company’s stock worth $3,082,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday. Barclays boosted their price objective 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. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 1.5 %

Shares of NYSE:TSM opened at $211.52 on Tuesday. The company has a market capitalization of $1.10 trillion, a P/E ratio of 33.90, a P/E/G ratio of 0.76 and a beta of 1.07. The stock’s fifty day simple moving average is $198.02 and its 200-day simple moving average is $184.52. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $109.48 and a 52-week high of $222.20. 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 released its quarterly earnings results 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 net margin of 39.10% and a return on equity of 27.44%. As a group, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm 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 dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis 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 is currently 30.77%.

Taiwan Semiconductor Manufacturing 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.