Summit Financial LLC Buys 9,612 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Summit Financial LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 34.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,582 shares of the semiconductor company’s stock after buying an additional 9,612 shares during the quarter. Summit Financial LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $7,440,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TSM. Stonebridge Financial Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $25,000. IMG Wealth Management Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $26,000. Hopwood Financial Services Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $27,000. Roxbury Financial LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $29,000. Finally, CoreFirst Bank & Trust bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSM. Barclays lifted 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 1.4 %

Shares of TSM opened at $165.82 on Monday. 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 company has a market cap of $860.00 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 0.66 and a beta of 1.13. The stock has a fifty day moving average price of $192.35 and a two-hundred day moving average price of $192.71. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.65%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 30.68%.

Taiwan Semiconductor Manufacturing 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.