Kolinsky Wealth Management LLC Has $611,000 Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Kolinsky Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,519 shares of the semiconductor company’s stock after buying an additional 127 shares during the period. Kolinsky Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $611,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TSM. Point72 Europe London LLP purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $19,413,000. Consolidated Press International Holdings Ltd. grew its position in Taiwan Semiconductor Manufacturing by 70.4% during the third quarter. Consolidated Press International Holdings Ltd. now owns 2,026,277 shares of the semiconductor company’s stock valued at $351,904,000 after buying an additional 837,302 shares during the period. Circle Wealth Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 42.2% during the third quarter. Circle Wealth Management LLC now owns 20,187 shares of the semiconductor company’s stock worth $3,506,000 after buying an additional 5,992 shares during the last quarter. Fred Alger Management LLC raised its position in Taiwan Semiconductor Manufacturing by 8.4% in the third quarter. Fred Alger Management LLC now owns 2,065,689 shares of the semiconductor company’s stock worth $358,748,000 after acquiring an additional 159,960 shares during the period. Finally, Icon Wealth Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 7.5% in the third quarter. Icon Wealth Advisors LLC now owns 3,275 shares of the semiconductor company’s stock valued at $569,000 after acquiring an additional 229 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $184.79 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $95.25 and a 52-week high of $212.60. The business’s fifty day moving average is $189.16 and its 200 day moving average is $175.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a market cap of $958.40 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 0.84 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of research reports. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing 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.