2,020 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Bought by Parisi Gray Wealth Management

Parisi Gray Wealth Management acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,020 shares of the semiconductor company’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TSM. Baystate Wealth Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 1,333.3% in the second quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 240 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its position in Taiwan Semiconductor Manufacturing by 334.8% in the second quarter. Carolinas Wealth Consulting LLC now owns 287 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 221 shares during the period. PCA Investment Advisory Services Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at about $29,000. Creative Financial Designs Inc. ADV lifted its position in shares of Taiwan Semiconductor Manufacturing by 108.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 162 shares during the period. Finally, Financial Gravity Asset Management Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 208.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 211 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TSM. Susquehanna boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Tuesday, February 13th. Needham & Company LLC boosted their price target on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research report on Friday, January 12th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, December 8th. Finally, Barclays upped their price target on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.25.

Taiwan Semiconductor Manufacturing Stock Down 0.4 %

Shares of TSM traded down $0.56 during midday trading on Thursday, hitting $136.13. The stock had a trading volume of 1,762,594 shares, compared to its average volume of 15,552,334. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $81.21 and a twelve month high of $158.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. The firm has a market cap of $706.03 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.15. The company has a 50 day simple moving average of $128.42 and a two-hundred day simple moving average of $106.78.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. The business had revenue of $19.62 billion during the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.30%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 33.78%.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.