Alpha Cubed Investments LLC Purchases 6,797 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Alpha Cubed Investments LLC lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,571 shares of the semiconductor company’s stock after acquiring an additional 6,797 shares during the period. Alpha Cubed Investments LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $9,987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. FWG Holdings LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.6% in the 3rd quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock valued at $539,000 after purchasing an additional 50 shares during the last quarter. Elmwood Wealth Management Inc. grew its position in Taiwan Semiconductor Manufacturing by 3.7% in the fourth quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock valued at $277,000 after acquiring an additional 50 shares during the last quarter. Gilman Hill Asset Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 3.3% during the fourth quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock worth $319,000 after acquiring an additional 52 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.3% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,469 shares of the semiconductor company’s stock valued at $488,000 after purchasing an additional 55 shares in the last quarter. Finally, Defender Capital LLC. lifted its stake in Taiwan Semiconductor Manufacturing by 3.7% in the 3rd quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 56 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $211.52 on Tuesday. The stock has a market capitalization of $1.10 trillion, a PE ratio of 30.05, a PEG ratio of 0.71 and a beta of 1.07. The business’s 50 day simple moving average is $198.37 and its 200 day simple moving average is $184.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $109.48 and a one year high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 8.98 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors 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. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.04%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 27.27%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TSM. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Monday. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

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.