Cookson Peirce & Co. Inc. Purchases 785 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cookson Peirce & Co. Inc. increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,060 shares of the semiconductor company’s stock after acquiring an additional 785 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $942,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TSM. Congress Wealth Management LLC DE grew its holdings in Taiwan Semiconductor Manufacturing by 2.2% during the third quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock valued at $2,686,000 after purchasing an additional 671 shares during the period. LGT Capital Partners LTD. grew its holdings in Taiwan Semiconductor Manufacturing by 4.4% during the third quarter. LGT Capital Partners LTD. now owns 1,554,790 shares of the semiconductor company’s stock valued at $135,111,000 after purchasing an additional 65,220 shares during the period. Naples Global Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 1.0% during the third quarter. Naples Global Advisors LLC now owns 110,356 shares of the semiconductor company’s stock valued at $9,640,000 after purchasing an additional 1,085 shares during the period. Exchange Traded Concepts LLC grew its holdings in Taiwan Semiconductor Manufacturing by 7.7% during the third quarter. Exchange Traded Concepts LLC now owns 159,658 shares of the semiconductor company’s stock valued at $13,874,000 after purchasing an additional 11,427 shares during the period. Finally, Verus Capital Partners LLC grew its holdings in Taiwan Semiconductor Manufacturing by 53.6% during the third quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 1,119 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $139.80 on Wednesday. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $725.06 billion, a P/E ratio of 26.99, a P/E/G ratio of 1.07 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $81.21 and a 12 month high of $158.40. The business’s 50-day moving average is $136.36 and its 200 day moving average is $112.42.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The company had revenue of $19.62 billion for the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.26%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 33.20%.

Analyst Upgrades and Downgrades

TSM has been the subject of several recent research reports. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Needham & Company LLC boosted their price objective on Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research report on Friday, January 12th. Finally, Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $147.00.

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