2,020 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Purchased by Parisi Gray Wealth Management

Parisi Gray Wealth Management acquired a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,020 shares of the semiconductor company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley lifted its stake in Taiwan Semiconductor Manufacturing by 27.7% in the 4th quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock worth $2,421,936,000 after purchasing an additional 7,045,899 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Taiwan Semiconductor Manufacturing by 2.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company’s stock valued at $2,328,426,000 after buying an additional 666,826 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 29.6% during the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock valued at $1,285,736,000 after buying an additional 3,381,514 shares in the last quarter. BlackRock Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 24.5% during the 1st quarter. BlackRock Inc. now owns 12,047,759 shares of the semiconductor company’s stock valued at $1,120,683,000 after buying an additional 2,373,242 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in Taiwan Semiconductor Manufacturing by 3.1% in the 3rd quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company’s stock worth $1,023,240,000 after purchasing an additional 355,609 shares during the period. 16.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM traded down $0.56 during trading on Thursday, hitting $136.13. 1,762,594 shares of the stock traded hands, compared to its average volume of 15,552,334. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26. The company has a market cap of $706.03 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 1.06 and a beta of 1.15. The company has a fifty day moving average price of $128.42 and a two-hundred day moving average price of $106.78. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $81.21 and a 52-week high of $158.40.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 33.78%.

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.