Professional Financial Advisors LLC Invests $1.04 Million in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Professional Financial Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,011 shares of the semiconductor company’s stock, valued at approximately $1,041,000.

Other hedge funds also recently modified their holdings of the company. Baystate Wealth Management LLC raised its position in Taiwan Semiconductor Manufacturing by 1,333.3% in the 2nd quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 240 shares during the last quarter. Financial Gravity Asset Management Inc. boosted its stake 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 worth $27,000 after acquiring an additional 211 shares during the period. MBM Wealth Consultants LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $27,000. Carolinas Wealth Consulting LLC raised its holdings in Taiwan Semiconductor Manufacturing by 334.8% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 287 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 221 shares in the last quarter. Finally, PCA Investment Advisory Services Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.1 %

Shares of NYSE TSM traded down $0.14 during trading on Thursday, reaching $136.55. The company had a trading volume of 4,107,851 shares, compared to its average volume of 15,588,628. The company’s fifty day moving average price is $128.42 and its 200-day moving average price is $106.78. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $81.21 and a 12 month high of $158.40. The stock has a market cap of $708.20 billion, a P/E ratio of 26.30, a PEG ratio of 1.06 and a beta of 1.15. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. The business had revenue of $19.62 billion during the quarter, compared to analysts’ expectations of $18.99 billion. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be paid a $0.4408 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.29%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 33.78%.

Analysts Set New Price Targets

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

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.