2,780 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Acquired by MJP Associates Inc. ADV

MJP Associates Inc. ADV acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,780 shares of the semiconductor company’s stock, valued at approximately $289,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSM. Baystate Wealth Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 1,333.3% during the 2nd quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 240 shares during the last quarter. Financial Gravity Asset Management Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after buying an additional 211 shares during the last quarter. MBM Wealth Consultants LLC acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC boosted its stake in 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 acquiring an additional 221 shares during the last quarter. Finally, PCA Investment Advisory Services Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $29,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Taiwan Semiconductor Manufacturing Stock Down 0.5 %

Shares of NYSE:TSM traded down $0.64 during mid-day trading on Thursday, reaching $136.05. 9,919,904 shares of the stock were exchanged, compared to its average volume of 15,671,853. The company has a market cap of $705.61 billion, a P/E ratio of 26.28, a P/E/G ratio of 1.06 and a beta of 1.15. The stock’s 50 day simple moving average is $129.10 and its 200-day simple moving average is $106.99. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $81.21 and a one year high of $158.40.

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 38.80% and a return on equity of 25.24%. The business had revenue of $19.62 billion during the quarter, compared to analysts’ expectations of $18.99 billion. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given 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 yield of 1.30%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 33.78%.

About Taiwan Semiconductor Manufacturing

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.