Beacon Financial Advisory LLC Has $268,000 Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Beacon Financial Advisory LLC lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,355 shares of the semiconductor company’s stock after buying an additional 68 shares during the period. Beacon Financial Advisory LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $268,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Adero Partners LLC boosted its position in Taiwan Semiconductor Manufacturing by 13.0% in the fourth quarter. Adero Partners LLC now owns 7,364 shares of the semiconductor company’s stock valued at $1,454,000 after buying an additional 850 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Bleakley Financial Group LLC now owns 42,218 shares of the semiconductor company’s stock valued at $8,338,000 after acquiring an additional 569 shares during the last quarter. Kercheville Advisors LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $316,000. Insight Advisors LLC PA bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $255,000. Finally, Onyx Bridge Wealth Group LLC increased its holdings in Taiwan Semiconductor Manufacturing by 5.9% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 1,742 shares of the semiconductor company’s stock valued at $344,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM opened at $210.40 on Friday. The stock has a market capitalization of $1.09 trillion, a P/E ratio of 29.89, a P/E/G ratio of 0.69 and a beta of 1.06. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $120.00 and a 1-year high of $226.40. The business has a 50-day moving average price of $203.69 and a two-hundred day moving average price of $187.05.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on TSM shares. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. 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 report on Friday, January 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average 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.