CapWealth Advisors LLC Acquires 21,329 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

CapWealth Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 21.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,310 shares of the semiconductor company’s stock after buying an additional 21,329 shares during the period. Taiwan Semiconductor Manufacturing accounts for 1.6% of CapWealth Advisors LLC’s holdings, making the stock its 27th largest position. CapWealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $12,720,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TSM. PCA Investment Advisory Services Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $29,000. Farmers & Merchants Investments Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $31,000. Creative Financial Designs Inc. ADV increased its holdings in Taiwan Semiconductor Manufacturing by 108.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 162 shares during the period. Financial Gravity Asset Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 208.9% in the 3rd 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 in the last quarter. Finally, Retirement Group LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 82.5% during the 2nd quarter. Retirement Group LLC now owns 334 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 151 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TSM has been the topic of a number of recent research reports. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. TD Cowen boosted 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 report on Friday, January 12th. Needham & Company LLC reiterated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Taiwan Semiconductor Manufacturing Trading Down 3.9 %

NYSE TSM traded down $5.36 during mid-day trading on Thursday, reaching $133.67. 27,036,469 shares of the stock were exchanged, compared to its average volume of 15,537,291. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. The stock has a market cap of $693.27 billion, a P/E ratio of 25.84, a P/E/G ratio of 1.07 and a beta of 1.15. The stock has a 50 day simple moving average of $136.64 and a 200-day simple moving average of $112.61. 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 quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) 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 company had revenue of $19.62 billion for the quarter, compared to the consensus estimate of $18.99 billion. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be paid a $0.4408 dividend. This represents a $1.76 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 33.20%.

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.