Parkworth Wealth Management Inc. Acquires New Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Parkworth Wealth Management Inc. acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, Holdings Channel reports. The firm acquired 394 shares of the semiconductor company’s stock, valued at approximately $78,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CWA Asset Management Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $425,000. Sigma Planning Corp grew its holdings in Taiwan Semiconductor Manufacturing by 11.6% during the 3rd quarter. Sigma Planning Corp now owns 13,315 shares of the semiconductor company’s stock worth $2,313,000 after acquiring an additional 1,389 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $77,000. Nations Financial Group Inc. IA ADV grew its holdings in Taiwan Semiconductor Manufacturing by 3.5% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 8,888 shares of the semiconductor company’s stock worth $1,544,000 after acquiring an additional 299 shares during the period. Finally, Keystone Financial Services grew its holdings in Taiwan Semiconductor Manufacturing by 11.6% during the 3rd quarter. Keystone Financial Services now owns 1,403 shares of the semiconductor company’s stock worth $244,000 after acquiring an additional 146 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $171.30 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The stock has a market cap of $888.45 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 0.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm’s 50-day simple moving average is $200.93 and its 200 day simple moving average is $191.93.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating 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%. As a group, research 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. Shareholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.60%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 30.68%.

Analysts Set New Price Targets

TSM has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock 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 research report on Tuesday, January 28th. 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 MarketBeat.com, the stock 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.