Callan Capital LLC Buys 4,622 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Callan Capital LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 125.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,299 shares of the semiconductor company’s stock after buying an additional 4,622 shares during the quarter. Callan Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $863,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Congress Wealth Management LLC DE grew its position in shares of Taiwan Semiconductor Manufacturing by 2.2% during the 3rd quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock worth $2,686,000 after buying an additional 671 shares during the period. CapWealth Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 21.1% during the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock worth $12,720,000 after buying an additional 21,329 shares during the period. Verus Capital Partners LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 53.6% during the 3rd quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock worth $279,000 after buying an additional 1,119 shares during the period. Ballast Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 166.5% during the 3rd quarter. Ballast Advisors LLC now owns 10,046 shares of the semiconductor company’s stock worth $873,000 after buying an additional 6,276 shares during the period. Finally, Timber Creek Capital Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 3.1% during the 3rd quarter. Timber Creek Capital Management LLC now owns 57,319 shares of the semiconductor company’s stock worth $4,981,000 after buying an additional 1,719 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 1.3 %

TSM traded up $1.72 during trading on Friday, reaching $138.30. The company had a trading volume of 9,453,393 shares, compared to its average volume of 15,706,765. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $82.16 and a 12 month high of $158.40. The business’s fifty day moving average price is $137.06 and its 200 day moving average price is $114.64. The company has a market cap of $717.28 billion, a P/E ratio of 26.34, a PEG ratio of 0.97 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared 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. This represents a $1.76 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

Wall Street Analyst Weigh In

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

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 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.