Riversedge Advisors LLC Acquires 650 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Riversedge Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 22.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,500 shares of the semiconductor company’s stock after buying an additional 650 shares during the period. Riversedge Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $691,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Private Client Services LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $201,000. Trust Co of the South increased its holdings in shares of Taiwan Semiconductor Manufacturing by 232.8% in the 4th quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock worth $1,752,000 after buying an additional 6,204 shares during the last quarter. Headwater Capital Co Ltd purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $49,372,000. NRI Wealth Management LC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $1,545,000. Finally, HF Advisory Group LLC grew its position in Taiwan Semiconductor Manufacturing by 55.5% in the third quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock worth $2,389,000 after acquiring an additional 4,907 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TSM shares. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $211.52 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock’s 50 day simple moving average is $198.02 and its 200 day simple moving average is $184.44. The firm has a market cap of $1.10 trillion, a price-to-earnings ratio of 33.90, a PEG ratio of 0.76 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $109.48 and a 1 year high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued 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 39.10% and a return on equity of 27.44%. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a $0.5484 dividend. This represents a $2.19 annualized dividend and a dividend yield of 1.04%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 30.77%.

Taiwan Semiconductor Manufacturing Company 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.