Forefront Wealth Management Inc. Invests $5.33 Million in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Forefront Wealth Management Inc. bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 26,987 shares of the semiconductor company’s stock, valued at approximately $5,330,000. Taiwan Semiconductor Manufacturing comprises about 4.9% of Forefront Wealth Management Inc.’s investment portfolio, making the stock its 5th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 5.3% in the 4th quarter. American Century Companies Inc. now owns 4,945,236 shares of the semiconductor company’s stock worth $976,635,000 after purchasing an additional 248,279 shares during the last quarter. Plancorp LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $255,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $197,000. Millstone Evans Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $304,000. Finally, MRP Capital Investments LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 27.0% in the 4th quarter. MRP Capital Investments LLC now owns 470 shares of the semiconductor company’s stock valued at $93,000 after buying an additional 100 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $176.58 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock has a market cap of $915.81 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The company has a 50-day moving average price of $195.68 and a two-hundred day moving average price of $191.89.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its 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%. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.55%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.68%.

Analyst Ratings Changes

Several research analysts have recently commented on TSM shares. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. 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 report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus 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.