C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Grows Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 23.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,895 shares of the semiconductor company’s stock after purchasing an additional 358 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Taiwan Semiconductor Manufacturing were worth $374,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. AMF Tjanstepension AB grew its holdings in shares of Taiwan Semiconductor Manufacturing by 4.8% in the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after acquiring an additional 70,057 shares during the period. Foundations Investment Advisors LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 6.4% during the 3rd quarter. Foundations Investment Advisors LLC now owns 23,054 shares of the semiconductor company’s stock valued at $4,004,000 after purchasing an additional 1,389 shares during the period. Oakworth Capital Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 522.2% during the 3rd quarter. Oakworth Capital Inc. now owns 448 shares of the semiconductor company’s stock valued at $78,000 after purchasing an additional 376 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 4.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 44,503 shares of the semiconductor company’s stock worth $7,729,000 after purchasing an additional 1,773 shares during the period. Finally, Pictet North America Advisors SA boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.4% in the third quarter. Pictet North America Advisors SA now owns 223,042 shares of the semiconductor company’s stock worth $38,736,000 after buying an additional 3,105 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

TSM has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. 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 Stock Down 0.9 %

Shares of TSM stock opened at $200.88 on Thursday. 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 Company Limited has a one year low of $122.91 and a one year high of $226.40. The company’s fifty day moving average price is $205.68 and its 200-day moving average price is $190.15. The company has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 28.53, a PEG ratio of 0.67 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 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%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared 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 represents a $2.74 annualized dividend and a yield of 1.36%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 27.27%.

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.