IronOak Wealth LLC. Makes New $1.23 Million Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

IronOak Wealth LLC. acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,243 shares of the semiconductor company's stock, valued at approximately $1,233,000. Taiwan Semiconductor Manufacturing makes up approximately 1.4% of IronOak Wealth LLC.'s portfolio, making the stock its 29th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of TSM. FMR LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 4.6% during the 4th quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock worth $11,562,498,000 after purchasing an additional 2,572,488 shares in the last quarter. Sanders Capital LLC raised its position in Taiwan Semiconductor Manufacturing by 0.6% during the fourth quarter. Sanders Capital LLC now owns 41,877,457 shares of the semiconductor company's stock worth $8,270,379,000 after acquiring an additional 231,310 shares in the last quarter. Capital World Investors lifted its stake in Taiwan Semiconductor Manufacturing by 0.8% in the fourth quarter. Capital World Investors now owns 35,602,400 shares of the semiconductor company's stock valued at $7,031,632,000 after acquiring an additional 294,316 shares during the last quarter. Capital International Investors grew its position in shares of Taiwan Semiconductor Manufacturing by 8.2% in the 4th quarter. Capital International Investors now owns 22,210,222 shares of the semiconductor company's stock valued at $4,391,957,000 after acquiring an additional 1,683,256 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Taiwan Semiconductor Manufacturing by 6.0% during the 4th quarter. Van ECK Associates Corp now owns 19,392,159 shares of the semiconductor company's stock worth $3,829,757,000 after purchasing an additional 1,102,166 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays reiterated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Needham & Company LLC reissued a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Finally, Wall Street Zen cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and a consensus target price of $212.00.

Taiwan Semiconductor Manufacturing Stock Down 2.1%

Shares of NYSE TSM opened at $192.16 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.57 and a 12-month high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a market cap of $996.61 billion, a PE ratio of 27.30, a P/E/G ratio of 0.66 and a beta of 1.21. The company's fifty day simple moving average is $169.69 and its 200 day simple moving average is $187.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The company had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.35%. Taiwan Semiconductor Manufacturing's payout ratio is 27.76%.

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.

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