Abacus Wealth Partners LLC Buys 186 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Abacus Wealth Partners LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,330 shares of the semiconductor company’s stock after buying an additional 186 shares during the quarter. Abacus Wealth Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $658,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Private Client Services LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $201,000. Trust Co of the South lifted its holdings in Taiwan Semiconductor Manufacturing by 232.8% during the 4th quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock valued at $1,752,000 after purchasing an additional 6,204 shares during the last quarter. Headwater Capital Co Ltd acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $49,372,000. NRI Wealth Management LC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $1,545,000. Finally, FNY Investment Advisers LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 194.2% during the fourth quarter. FNY Investment Advisers LLC now owns 16,115 shares of the semiconductor company’s stock worth $3,182,000 after buying an additional 10,637 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Monday. Finally, Needham & Company LLC reissued a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $211.52 on Tuesday. 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 Company Limited has a 12 month low of $109.48 and a 12 month high of $222.20. The firm has a market cap of $1.10 trillion, a price-to-earnings ratio of 30.05, a PEG ratio of 0.71 and a beta of 1.07. The stock has a 50-day moving average price of $198.02 and a 200 day moving average price of $184.52.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued 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%. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 8.98 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.04%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

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.