Dupree Financial Group LLC Invests $5.30 Million in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Dupree Financial Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,925 shares of the semiconductor company’s stock, valued at approximately $5,296,000. Taiwan Semiconductor Manufacturing comprises 2.6% of Dupree Financial Group LLC’s holdings, making the stock its 14th largest position.

A number of other large investors also recently modified their holdings of the business. Atlas Private Wealth Advisors lifted its stake in Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock valued at $342,000 after purchasing an additional 104 shares during the last quarter. Advisory Resource Group lifted its stake in Taiwan Semiconductor Manufacturing by 1.3% in the 4th quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company’s stock valued at $886,000 after purchasing an additional 108 shares during the last quarter. Baystate Wealth Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 28.8% in the 4th quarter. Baystate Wealth Management LLC now owns 510 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 114 shares during the last quarter. Waverly Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 3.8% in the 3rd quarter. Waverly Advisors LLC now owns 3,145 shares of the semiconductor company’s stock valued at $273,000 after purchasing an additional 116 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 0.7% in the 1st quarter. Cresset Asset Management LLC now owns 18,334 shares of the semiconductor company’s stock valued at $1,712,000 after purchasing an additional 124 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Down 3.5 %

Shares of TSM opened at $127.70 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $81.21 and a 12 month high of $158.40. The firm’s 50 day moving average is $136.50 and its 200-day moving average is $113.21. The stock has a market capitalization of $662.30 billion, a PE ratio of 24.32, a P/E/G ratio of 0.98 and a beta of 1.15. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its 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. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 25.21%. The company had revenue of $19.62 billion for the quarter, compared to analysts’ expectations of $18.99 billion. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.1 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. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.38%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

Analyst Ratings Changes

Several research firms have weighed in on TSM. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday. Susquehanna increased their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $157.00.

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 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.