Investment House LLC Acquires 24,762 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Investment House LLC raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 117.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,840 shares of the semiconductor company’s stock after acquiring an additional 24,762 shares during the quarter. Investment House LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,767,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. grew its position in 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 acquiring an additional 211 shares during the last quarter. Farmers & Merchants Investments Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $31,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of 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 worth $32,000 after buying an additional 162 shares during the period. Baystate Wealth Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 53.5% in the 3rd quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock worth $34,000 after buying an additional 138 shares during the period. Finally, Tennessee Valley Asset Management Partners purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $37,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock traded down $0.17 during mid-day trading on Monday, reaching $138.13. The stock had a trading volume of 6,583,693 shares, compared to its average volume of 15,698,358. The business’s fifty day moving average is $137.06 and its 200-day moving average is $114.97. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. The firm has a market cap of $716.40 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 0.99 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $82.44 and a 1-year high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders 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 dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 33.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TSM shares. Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

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 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.