C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys 358 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 23.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,895 shares of the semiconductor company’s stock after purchasing an additional 358 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Taiwan Semiconductor Manufacturing were worth $374,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Key Financial Inc lifted its holdings in Taiwan Semiconductor Manufacturing by 11.2% in the fourth quarter. Key Financial Inc now owns 815 shares of the semiconductor company’s stock worth $161,000 after buying an additional 82 shares during the period. GAM Holding AG raised its position in shares of Taiwan Semiconductor Manufacturing by 4.5% in the 4th quarter. GAM Holding AG now owns 73,131 shares of the semiconductor company’s stock worth $14,443,000 after acquiring an additional 3,181 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.5% in the 4th quarter. Venturi Wealth Management LLC now owns 21,791 shares of the semiconductor company’s stock valued at $4,303,000 after purchasing an additional 330 shares during the period. Empower Advisory Group LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.2% during the fourth quarter. Empower Advisory Group LLC now owns 4,704 shares of the semiconductor company’s stock valued at $929,000 after purchasing an additional 58 shares in the last quarter. Finally, Truist Financial Corp grew its stake in Taiwan Semiconductor Manufacturing by 1.8% in the fourth quarter. Truist Financial Corp now owns 421,463 shares of the semiconductor company’s stock worth $83,235,000 after purchasing an additional 7,307 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $200.88 on Thursday. The stock has a market cap of $1.04 trillion, a price-to-earnings ratio of 28.53, a PEG ratio of 0.67 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $122.91 and a 1 year high of $226.40. The firm’s 50-day moving average is $205.68 and its 200 day moving average is $190.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.36%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TSM shares. Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

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 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.