Financial Advocates Investment Management Purchases 3,192 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Financial Advocates Investment Management lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 63.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,261 shares of the semiconductor company’s stock after purchasing an additional 3,192 shares during the period. Financial Advocates Investment Management’s holdings in Taiwan Semiconductor Manufacturing were worth $675,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in TSM. Crewe Advisors LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $25,000. Pinnacle Holdings LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $25,000. Raleigh Capital Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at $26,000. Castle Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. Finally, Heritage Wealth Advisors boosted its holdings in Taiwan Semiconductor Manufacturing by 53.4% in the second quarter. Heritage Wealth Advisors now owns 359 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 125 shares in the last quarter. Institutional investors own 16.86% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $81.97 on Thursday. The stock has a 50-day moving average price of $69.79 and a 200-day moving average price of $80.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.49 and a quick ratio of 2.22. The firm has a market cap of $425.13 billion, a PE ratio of 13.92, a P/E/G ratio of 0.58 and a beta of 0.95. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $59.43 and a 1 year high of $145.00.

Taiwan Semiconductor Manufacturing Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Friday, March 17th will be given a $0.3392 dividend. This represents a $4.07 annualized dividend and a dividend yield of 4.97%. The ex-dividend date is Thursday, March 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 23.26%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TSM shares. Erste Group Bank upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, November 18th. StockNews.com started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Cowen cut their price target on shares of Taiwan Semiconductor Manufacturing to $75.00 in a report on Thursday, October 20th. TheStreet cut shares of Taiwan Semiconductor Manufacturing from a “b-” rating to a “c+” rating in a report on Friday, November 4th. Finally, The Goldman Sachs Group cut shares of Taiwan Semiconductor Manufacturing from a “conviction-buy” rating to a “buy” rating in a report on Thursday, October 13th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $116.57.

Taiwan Semiconductor Manufacturing Profile

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Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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