Tucker Asset Management LLC Purchases New Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Tucker Asset Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,620 shares of the semiconductor company’s stock, valued at approximately $272,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Avestar Capital LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.8% during the 4th quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 95 shares in the last quarter. Mather Group LLC. grew its stake in Taiwan Semiconductor Manufacturing by 2.0% during the fourth quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock worth $501,000 after buying an additional 96 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 2.3% in the 4th quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock valued at $441,000 after buying an additional 96 shares during the period. Intrinsic Value Partners LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 0.4% in the 4th quarter. Intrinsic Value Partners LLC now owns 24,903 shares of the semiconductor company’s stock valued at $2,590,000 after buying an additional 100 shares in the last quarter. Finally, Atlas Private Wealth Advisors lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% during the 4th quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock worth $342,000 after acquiring an additional 104 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Needham & Company LLC reissued a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Susquehanna raised their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, TD Cowen increased their target price 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $162.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock traded down $0.40 during midday trading on Friday, reaching $172.51. 9,192,483 shares of the stock were exchanged, compared to its average volume of 12,962,030. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. The stock has a market capitalization of $894.71 billion, a PE ratio of 32.86, a P/E/G ratio of 1.19 and a beta of 1.11. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $176.06. The company has a fifty day moving average price of $148.96 and a 200 day moving average price of $129.56.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. The company had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a $0.4865 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.13%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

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.