Heritage Wealth Management Inc. Increases Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Heritage Wealth Management Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,275 shares of the semiconductor company’s stock after purchasing an additional 75 shares during the period. Heritage Wealth Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TSM. Nisa Investment Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 5.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,817 shares of the semiconductor company’s stock worth $317,000 after purchasing an additional 100 shares during the period. Reston Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $25,000. Stephens Inc. AR boosted its position in Taiwan Semiconductor Manufacturing by 1.9% during the 3rd quarter. Stephens Inc. AR now owns 65,845 shares of the semiconductor company’s stock worth $11,435,000 after purchasing an additional 1,228 shares during the period. Creative Financial Designs Inc. ADV boosted its position in Taiwan Semiconductor Manufacturing by 3.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,408 shares of the semiconductor company’s stock worth $418,000 after purchasing an additional 71 shares during the period. Finally, Roanoke Asset Management Corp NY purchased a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $211,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 0.5 %

TSM stock opened at $180.10 on Friday. The company has a 50 day moving average of $204.74 and a two-hundred day moving average of $191.59. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The company has a market cap of $934.05 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 0.66 and a beta of 1.06. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.52%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.11%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TSM. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Finally, Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

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.