Capital Investment Advisory Services LLC Has $396,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Capital Investment Advisory Services LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,809 shares of the semiconductor company’s stock after acquiring an additional 297 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $396,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $31,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Taiwan Semiconductor Manufacturing by 108.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 162 shares during the last quarter. Financial Gravity Asset Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 211 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $37,000. Finally, Baystate Wealth Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 53.5% during the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 138 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TSM. TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Susquehanna raised their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $133.49 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $81.21 and a 1 year high of $158.40. The stock has a market cap of $692.33 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15. The stock’s 50-day moving average price is $136.61 and its two-hundred day moving average price is $114.01.

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. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

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.