Nwam LLC Acquires 1,638 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Nwam LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,722 shares of the semiconductor company’s stock after acquiring an additional 1,638 shares during the quarter. Nwam LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $5,870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TSM. SRN Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 9.0% in the fourth quarter. SRN Advisors LLC now owns 6,067 shares of the semiconductor company’s stock worth $1,198,000 after purchasing an additional 500 shares during the last quarter. NewEdge Wealth LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 1.8% in the fourth quarter. NewEdge Wealth LLC now owns 54,959 shares of the semiconductor company’s stock worth $10,854,000 after purchasing an additional 951 shares during the last quarter. Simmons Bank increased its holdings in shares of Taiwan Semiconductor Manufacturing by 8.5% in the fourth quarter. Simmons Bank now owns 1,705 shares of the semiconductor company’s stock worth $337,000 after purchasing an additional 134 shares during the last quarter. Red Crane Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $320,000. Finally, Impact Investors Inc bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $1,590,000. 16.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TSM has been the topic of several research reports. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 2.8 %

TSM opened at $194.70 on Thursday. The firm has a market cap of $1.01 trillion, a P/E ratio of 27.66, a P/E/G ratio of 0.66 and a beta of 1.06. 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 current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average of $205.35 and a 200 day moving average of $191.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released 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 return on equity of 30.47% and a net margin of 40.51%. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm 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. This represents a $2.74 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is 31.11%.

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.