Phillips Wealth Planners LLC Has $619,000 Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Phillips Wealth Planners LLC cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,971 shares of the semiconductor company’s stock after selling 157 shares during the period. Phillips Wealth Planners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $619,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dakota Wealth Management raised its holdings in Taiwan Semiconductor Manufacturing by 99.4% in the 4th quarter. Dakota Wealth Management now owns 17,357 shares of the semiconductor company’s stock valued at $3,428,000 after acquiring an additional 8,654 shares in the last quarter. XML Financial LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 2.0% during the 4th quarter. XML Financial LLC now owns 2,660 shares of the semiconductor company’s stock worth $525,000 after buying an additional 53 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 16.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,117 shares of the semiconductor company’s stock worth $419,000 after buying an additional 300 shares during the last quarter. Genesis Private Wealth LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $462,000. Finally, Simon Quick Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 15.6% during the 4th quarter. Simon Quick Advisors LLC now owns 6,581 shares of the semiconductor company’s stock worth $1,300,000 after buying an additional 888 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TSM has been the subject of several recent analyst reports. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 2.1 %

Shares of TSM stock opened at $223.33 on Thursday. The stock has a market cap of $1.16 trillion, a price-to-earnings ratio of 31.72, a PEG ratio of 0.72 and a beta of 1.07. The stock has a 50-day moving average of $198.90 and a 200-day moving average of $184.97. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $112.61 and a 1-year high of $225.43.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results 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%. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 0.98%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 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.