Cwm LLC Has $2.90 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cwm LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.3% during the 4th quarter, HoldingsChannel reports. The fund owned 27,855 shares of the semiconductor company’s stock after purchasing an additional 638 shares during the quarter. Cwm LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,897,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. 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 period. Farmers & Merchants Investments Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $31,000. Creative Financial Designs Inc. ADV lifted its stake in Taiwan Semiconductor Manufacturing by 108.7% in the fourth 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. Baystate Wealth Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 53.5% in the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 138 shares during the period. Finally, Tennessee Valley Asset Management Partners acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 0.3 %

NYSE:TSM opened at $132.99 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The company has a market cap of $689.74 billion, a PE ratio of 25.33, a PEG ratio of 0.95 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $81.21 and a 52-week high of $158.40. The stock has a 50-day simple moving average of $136.68 and a 200 day simple moving average of $114.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.33%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.

Wall Street Analyst Weigh In

TSM has been the topic of several analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Finally, Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price 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.