Western Wealth Management LLC Grows Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Western Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,687 shares of the semiconductor company’s stock after buying an additional 1,424 shares during the quarter. Western Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,735,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Xponance Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 50.1% during the fourth quarter. Xponance Inc. now owns 4,663 shares of the semiconductor company’s stock valued at $485,000 after buying an additional 1,557 shares during the last quarter. Euro Pacific Asset Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 28.0% during the fourth quarter. Euro Pacific Asset Management LLC now owns 3,364 shares of the semiconductor company’s stock valued at $366,000 after buying an additional 736 shares during the last quarter. CapWealth Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 21.1% in the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after purchasing an additional 21,329 shares during the last quarter. HF Advisory Group LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 9.5% in the 4th quarter. HF Advisory Group LLC now owns 9,763 shares of the semiconductor company’s stock valued at $1,015,000 after purchasing an additional 847 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Taiwan Semiconductor Manufacturing by 0.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 723,451 shares of the semiconductor company’s stock valued at $75,511,000 after purchasing an additional 4,569 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TSM shares. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Susquehanna increased their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Trading Down 3.4 %

NYSE TSM traded down $4.52 during trading hours on Friday, reaching $127.75. The company had a trading volume of 10,524,262 shares, compared to its average volume of 15,598,912. The stock has a 50-day moving average of $136.61 and a 200 day moving average of $112.74. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $81.21 and a 1-year high of $158.40. 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 stock has a market capitalization of $662.56 billion, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 1.06 and a beta of 1.15.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.38%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 33.20%.

Taiwan Semiconductor Manufacturing 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.