Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Forte Capital LLC ADV

Forte Capital LLC ADV raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 77.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,738 shares of the semiconductor company’s stock after acquiring an additional 3,385 shares during the quarter. Forte Capital LLC ADV’s holdings in Taiwan Semiconductor Manufacturing were worth $1,528,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Reston Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $25,000. Stonebridge Financial Group LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $25,000. Roxbury Financial LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $29,000. Archer Investment Corp boosted its stake in shares of Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 62 shares during the period. Finally, American Capital Advisory LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $38,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TSM shares. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. 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. Finally, Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $199.94 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $122.91 and a 1 year high of $226.40. The firm has a market cap of $1.04 trillion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. The stock has a 50-day simple moving average of $205.85 and a 200-day simple moving average of $190.22.

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 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%. On average, equities analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

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.