Connecticut Wealth Management LLC Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Connecticut Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,602 shares of the semiconductor company's stock, valued at approximately $791,000.

Several other hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company's stock worth $3,232,287,000 after buying an additional 442,289 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company's stock worth $2,328,426,000 after purchasing an additional 666,826 shares in the last quarter. Morgan Stanley increased its position in shares of Taiwan Semiconductor Manufacturing by 11.2% in the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company's stock worth $2,068,583,000 after purchasing an additional 2,400,882 shares during the last quarter. Van ECK Associates Corp raised its stake in Taiwan Semiconductor Manufacturing by 29.6% in the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company's stock valued at $1,285,736,000 after purchasing an additional 3,381,514 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 3.1% during the third quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company's stock valued at $1,023,240,000 after purchasing an additional 355,609 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, April 18th. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, April 19th. Needham & Company LLC reissued a "buy" rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, April 11th. Finally, Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a "positive" rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 3.9 %

TSM stock traded up $5.33 during trading on Friday, hitting $141.56. 13,264,336 shares of the company traded hands, compared to its average volume of 15,843,582. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The company has a 50-day moving average of $138.12 and a 200-day moving average of $116.62. The firm has a market capitalization of $734.19 billion, a PE ratio of 26.96, a P/E/G ratio of 1.01 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $82.53 and a 1 year high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a $0.4408 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 32.76%.

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.