Cerro Pacific Wealth Advisors LLC Has $457,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cerro Pacific Wealth Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 28.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,313 shares of the semiconductor company’s stock after buying an additional 509 shares during the quarter. Cerro Pacific Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $457,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TSM. Private Client Services LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $201,000. Trust Co of the South raised its stake in shares of Taiwan Semiconductor Manufacturing by 232.8% during the 4th quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock worth $1,752,000 after purchasing an additional 6,204 shares in the last quarter. Headwater Capital Co Ltd acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $49,372,000. NRI Wealth Management LC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $1,545,000. Finally, FNY Investment Advisers LLC increased its holdings in Taiwan Semiconductor Manufacturing by 194.2% in the fourth quarter. FNY Investment Advisers LLC now owns 16,115 shares of the semiconductor company’s stock worth $3,182,000 after buying an additional 10,637 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 0.5 %

Shares of NYSE:TSM opened at $224.36 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock’s 50-day moving average is $199.64 and its 200-day moving average is $185.24. The company has a market cap of $1.16 trillion, a P/E ratio of 31.87, a P/E/G ratio of 0.74 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $112.61 and a 52-week high of $225.43.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 0.98%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

Analyst Upgrades and Downgrades

Several research firms have commented on TSM. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Finally, Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

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.