Kingswood Wealth Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 30.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,298 shares of the semiconductor company's stock after purchasing an additional 3,837 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $4,953,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of TSM. Oak Harvest Investment Services lifted its holdings in Taiwan Semiconductor Manufacturing by 2.9% in the fourth quarter. Oak Harvest Investment Services now owns 1,106 shares of the semiconductor company's stock valued at $336,000 after acquiring an additional 31 shares during the period. Westfuller Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 2.2% in the third quarter. Westfuller Advisors LLC now owns 1,551 shares of the semiconductor company's stock valued at $434,000 after acquiring an additional 34 shares during the period. Sovereign Financial Group Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 4.5% in the fourth quarter. Sovereign Financial Group Inc. now owns 793 shares of the semiconductor company's stock valued at $241,000 after acquiring an additional 34 shares during the period. Avion Wealth lifted its holdings in Taiwan Semiconductor Manufacturing by 10.8% in the fourth quarter. Avion Wealth now owns 349 shares of the semiconductor company's stock valued at $106,000 after acquiring an additional 34 shares during the period. Finally, BankPlus Wealth Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 1.6% in the third quarter. BankPlus Wealth Management LLC now owns 2,291 shares of the semiconductor company's stock valued at $640,000 after acquiring an additional 35 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Trading Up 0.4%
Taiwan Semiconductor Manufacturing stock opened at $367.70 on Wednesday. The stock has a market cap of $1.90 trillion, a PE ratio of 30.59, a P/E/G ratio of 1.09 and a beta of 1.35. The stock has a 50-day moving average price of $355.11 and a 200 day moving average price of $323.28. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $147.44 and a 52 week high of $390.20. The company has a current ratio of 2.51, a quick ratio of 2.32 and a debt-to-equity ratio of 0.17.
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $3.11 EPS for the quarter. The firm had revenue of $30.65 billion during the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 38.17% and a net margin of 46.97%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 14.62 earnings per share for the current fiscal year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 11th will be issued a $0.9503 dividend. The ex-dividend date is Thursday, June 11th. This represents a $3.80 annualized dividend and a yield of 1.0%. Taiwan Semiconductor Manufacturing's payout ratio is 24.71%.
Insider Buying and Selling
In other Taiwan Semiconductor Manufacturing news, VP Bor-Zen Tien purchased 1,000 shares of the stock in a transaction on Sunday, March 22nd. The stock was bought at an average price of $55.93 per share, for a total transaction of $55,930.00. Following the acquisition, the vice president directly owned 9,051 shares of the company's stock, valued at $506,222.43. This represents a 12.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.11% of the stock is owned by company insiders.
Analysts Set New Price Targets
TSM has been the subject of a number of recent analyst reports. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Sunday, March 22nd. Freedom Capital raised Taiwan Semiconductor Manufacturing to a "strong-buy" rating in a research note on Thursday, January 15th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, January 9th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, January 2nd. Finally, Wedbush reaffirmed an "outperform" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, February 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $401.43.
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About Taiwan Semiconductor Manufacturing
(
Free Report)
Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.
TSMC's service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.
See Also
Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report).

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