Secure Asset Management LLC Has $1.89 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Secure Asset Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 557.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,562 shares of the semiconductor company’s stock after acquiring an additional 8,107 shares during the quarter. Secure Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,888,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TSM. Red Door Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 4.0% in the 4th quarter. Red Door Wealth Management LLC now owns 5,190 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 198 shares during the period. Goldstein Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 16.8% during the 4th quarter. Goldstein Advisors LLC now owns 2,012 shares of the semiconductor company’s stock valued at $397,000 after buying an additional 290 shares in the last quarter. Trust Co. of Oklahoma increased its position in shares of Taiwan Semiconductor Manufacturing by 5.7% during the fourth quarter. Trust Co. of Oklahoma now owns 5,775 shares of the semiconductor company’s stock valued at $1,141,000 after buying an additional 311 shares during the period. Beacon Investment Advisory Services Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.7% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 39,878 shares of the semiconductor company’s stock worth $7,876,000 after buying an additional 648 shares in the last quarter. Finally, Endeavor Private Wealth Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 0.5 %

Shares of NYSE:TSM opened at $224.36 on Friday. The firm has a market capitalization of $1.16 trillion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $112.61 and a 52-week high of $225.43. The firm has a fifty day moving average of $199.64 and a 200 day moving average of $185.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is a boost 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 dividend on an annualized basis and a dividend yield of 0.98%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

Analysts Set New Price Targets

TSM has been the topic of several recent analyst reports. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

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.