Allworth Financial LP Has $6.02 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Allworth Financial LP increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 48.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 30,460 shares of the semiconductor company’s stock after purchasing an additional 9,892 shares during the period. Allworth Financial LP’s holdings in Taiwan Semiconductor Manufacturing were worth $6,016,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 4.3% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock valued at $7,052,000 after acquiring an additional 1,476 shares during the period. McHugh Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $605,000. OLD National Bancorp IN raised its position in shares of Taiwan Semiconductor Manufacturing by 2.1% in the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock valued at $22,357,000 after purchasing an additional 2,368 shares during the period. Private Client Services LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $201,000. Finally, YHB Investment Advisors Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 6.9% during the 4th quarter. YHB Investment Advisors Inc. now owns 40,275 shares of the semiconductor company’s stock worth $7,954,000 after buying an additional 2,604 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 1.0 %

NYSE TSM opened at $203.77 on Monday. The company has a 50 day moving average of $205.26 and a 200-day moving average of $189.22. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $122.91 and a 1-year high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.06 trillion, a price-to-earnings ratio of 28.94, a PEG ratio of 0.70 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 27.27%.

Analyst Ratings Changes

Several brokerages have issued reports on TSM. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Finally, Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.