Spire Wealth Management Boosts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Spire Wealth Management grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,474 shares of the semiconductor company’s stock after acquiring an additional 1,131 shares during the period. Spire Wealth Management’s holdings in Taiwan Semiconductor Manufacturing were worth $3,846,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TSM. Reston Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $25,000. Sugarloaf Wealth Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 77.1% during the third quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 81 shares during the last quarter. Archer Investment Corp grew its stake in Taiwan Semiconductor Manufacturing by 48.1% in the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 62 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $40,000. Finally, American Capital Advisory LLC bought a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TSM shares. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research 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 Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 0.5 %

TSM stock opened at $209.28 on Monday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm’s 50-day simple moving average is $202.44 and its 200 day simple moving average is $186.33. The stock has a market cap of $1.09 trillion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 0.69 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $112.61 and a fifty-two week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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%. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 27.27%.

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.