Capital Wealth Planning LLC Grows Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Capital Wealth Planning LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 153.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,324 shares of the semiconductor company’s stock after purchasing an additional 11,701 shares during the period. Capital Wealth Planning LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Sherman Asset Management Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $946,000. Providence First Trust Co purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $74,000. US Bancorp DE increased its holdings in Taiwan Semiconductor Manufacturing by 6.7% during the fourth quarter. US Bancorp DE now owns 408,290 shares of the semiconductor company’s stock valued at $80,634,000 after buying an additional 25,564 shares during the last quarter. Wiser Advisor Group LLC increased its holdings in Taiwan Semiconductor Manufacturing by 15.9% during the fourth quarter. Wiser Advisor Group LLC now owns 1,539 shares of the semiconductor company’s stock valued at $304,000 after buying an additional 211 shares during the last quarter. Finally, Bank OZK increased its holdings in Taiwan Semiconductor Manufacturing by 9.4% during the fourth quarter. Bank OZK now owns 20,496 shares of the semiconductor company’s stock valued at $4,048,000 after buying an additional 1,765 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $180.10 on Friday. The firm has a market cap of $934.05 billion, a P/E ratio of 25.58, a PEG ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The company has a 50 day simple moving average of $204.74 and a two-hundred day simple moving average of $191.59. 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 (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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 forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. 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 dividend on an annualized basis and a dividend yield of 1.52%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.11%.

Analysts Set New Price Targets

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

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.