10,011 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Purchased by Professional Financial Advisors LLC

Professional Financial Advisors LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,011 shares of the semiconductor company’s stock, valued at approximately $1,041,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Baystate Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1,333.3% during the second quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock worth $26,000 after buying an additional 240 shares in the last quarter. Carolinas Wealth Consulting LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 334.8% in the second quarter. Carolinas Wealth Consulting LLC now owns 287 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 221 shares in the last quarter. PCA Investment Advisory Services Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $29,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 108.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 162 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 0.1 %

TSM traded down $0.14 during trading hours on Thursday, reaching $136.55. 4,107,851 shares of the stock traded hands, compared to its average volume of 15,588,628. The firm’s fifty day simple moving average is $128.42 and its two-hundred day simple moving average is $106.78. The company has a market cap of $708.20 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 1.06 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $81.21 and a fifty-two week high of $158.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The firm had revenue of $19.62 billion for the quarter, compared to the consensus estimate of $18.99 billion. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a $0.4408 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.29%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 33.78%.

Wall Street Analyst Weigh In

Several analysts have issued reports on TSM shares. Needham & Company LLC upped their price target on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a report on Friday, January 19th. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research note on Friday, January 12th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, December 8th. Susquehanna upped their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Tuesday, February 13th. Finally, Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.25.

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