RWA Wealth Partners LLC Buys 889 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

RWA Wealth Partners LLC raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 54,606 shares of the semiconductor company’s stock after purchasing an additional 889 shares during the period. RWA Wealth Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $10,784,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TSM. Stonebridge Financial Group LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $25,000. IMG Wealth Management Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $26,000. Hopwood Financial Services Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $27,000. Roxbury Financial LLC acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $29,000. Finally, CoreFirst Bank & Trust bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $39,000. 16.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TSM has been the topic of several research analyst reports. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 1.4 %

NYSE TSM opened at $165.82 on Friday. 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 firm has a market capitalization of $860.00 billion, a P/E ratio of 23.55, a PEG ratio of 0.66 and a beta of 1.13. The business has a fifty day simple moving average of $192.35 and a 200 day simple moving average of $192.55. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. 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 dividend yield of 1.65%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 30.68%.

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.