MONECO Advisors LLC Buys 525 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

MONECO Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,178 shares of the semiconductor company’s stock after buying an additional 525 shares during the period. MONECO Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSM. AMF Tjanstepension AB increased its position in Taiwan Semiconductor Manufacturing by 4.8% during the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock valued at $266,300,000 after buying an additional 70,057 shares in the last quarter. Dakota Wealth Management increased its position in Taiwan Semiconductor Manufacturing by 12.6% during the 3rd quarter. Dakota Wealth Management now owns 8,703 shares of the semiconductor company’s stock valued at $1,511,000 after buying an additional 972 shares in the last quarter. Parcion Private Wealth LLC bought a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $218,000. Arkadios Wealth Advisors increased its holdings in shares of Taiwan Semiconductor Manufacturing by 3.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 10,131 shares of the semiconductor company’s stock worth $1,760,000 after purchasing an additional 342 shares in the last quarter. Finally, PFG Investments LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 5.1% in the 3rd quarter. PFG Investments LLC now owns 12,599 shares of the semiconductor company’s stock worth $2,188,000 after purchasing an additional 613 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on TSM shares. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $198.40 on Monday. 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 $125.78 and a one year high of $226.40. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 28.18, a PEG ratio of 0.66 and a beta of 1.06. The business has a fifty day moving average of $205.80 and a 200 day moving average of $191.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current 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 issued a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.38%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.11%.

About Taiwan Semiconductor Manufacturing

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.