Procyon Advisors LLC Increases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Procyon Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 24.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,295 shares of the semiconductor company’s stock after acquiring an additional 1,429 shares during the quarter. Procyon Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $759,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TSM. Baystate Wealth Management LLC lifted its stake 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 purchasing an additional 240 shares during the last quarter. Financial Gravity Asset Management Inc. lifted its stake in 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 buying an additional 211 shares during the last quarter. MBM Wealth Consultants LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC lifted 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 buying an additional 221 shares during the last quarter. Finally, PCA Investment Advisory Services Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a report on Tuesday, February 13th. 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 research report on Friday, January 12th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. Finally, Needham & Company LLC increased their target price on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the stock a “buy” 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.25.

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

Shares of TSM stock traded down $1.13 during trading hours on Thursday, reaching $135.56. The company had a trading volume of 2,289,056 shares, compared to its average volume of 15,558,705. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $81.21 and a twelve month high of $158.40. The stock’s fifty day simple moving average is $128.42 and its 200 day simple moving average is $106.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40. The company has a market capitalization of $703.07 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.15.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The company 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 dividend of $0.4408 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 33.78%.

Taiwan Semiconductor Manufacturing 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.