Wedmont Private Capital Grows Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Wedmont Private Capital raised its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 22.9% during the 4th quarter, Holdings Channel reports. The fund owned 7,725 shares of the semiconductor company’s stock after purchasing an additional 1,441 shares during the period. Wedmont Private Capital’s holdings in Taiwan Semiconductor Manufacturing were worth $1,610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSM. Private Client Services LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $201,000. Trust Co of the South raised its position in shares of Taiwan Semiconductor Manufacturing by 232.8% during the 4th quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock valued at $1,752,000 after buying an additional 6,204 shares in the last quarter. NRI Wealth Management LC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $1,545,000. HF Advisory Group LLC grew its position in Taiwan Semiconductor Manufacturing by 55.5% in the third quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock worth $2,389,000 after acquiring an additional 4,907 shares in the last quarter. Finally, Impax Asset Management Group plc increased its stake in Taiwan Semiconductor Manufacturing by 33.7% during the third quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock worth $4,588,000 after acquiring an additional 6,664 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TSM shares. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. 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 a consensus rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock opened at $201.55 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $100.00 and a twelve month high of $222.20. The firm has a market cap of $1.05 trillion, a price-to-earnings ratio of 32.30, a PEG ratio of 0.93 and a beta of 1.07. The business’s fifty day simple moving average is $197.14 and its two-hundred day simple moving average is $183.60. 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 posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 35.10%.

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.