King Wealth Management Group Has $618,000 Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

King Wealth Management Group lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,560 shares of the semiconductor company’s stock after buying an additional 101 shares during the period. King Wealth Management Group’s holdings in Taiwan Semiconductor Manufacturing were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TSM. Balboa Wealth Partners raised its position in Taiwan Semiconductor Manufacturing by 2.6% in the third quarter. Balboa Wealth Partners now owns 29,163 shares of the semiconductor company’s stock worth $5,065,000 after purchasing an additional 729 shares in the last quarter. Impax Asset Management Group plc grew its stake in Taiwan Semiconductor Manufacturing by 33.7% during the third quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock worth $4,588,000 after buying an additional 6,664 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 5.5% during the third quarter. OneDigital Investment Advisors LLC now owns 61,701 shares of the semiconductor company’s stock worth $10,716,000 after buying an additional 3,198 shares in the last quarter. ING Groep NV raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% in the third quarter. ING Groep NV now owns 17,685 shares of the semiconductor company’s stock valued at $3,071,000 after acquiring an additional 626 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in Taiwan Semiconductor Manufacturing by 0.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 89,900 shares of the semiconductor company’s stock worth $15,613,000 after buying an additional 500 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TSM. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Up 1.0 %

Shares of TSM stock opened at $188.56 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $95.25 and a 12-month high of $212.60. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average of $184.70 and a 200-day moving average of $171.47. The company has a market capitalization of $977.95 billion, a price-to-earnings ratio of 30.22, a P/E/G ratio of 0.89 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current fiscal 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 paid a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

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.