PUREfi Wealth LLC Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

PUREfi Wealth LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,007 shares of the semiconductor company’s stock, valued at approximately $594,000.

Other institutional investors have also recently modified their holdings of the company. Reston Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $25,000. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $25,000. Archer Investment Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 62 shares during the period. American Capital Advisory LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $38,000. Finally, OLD Second National Bank of Aurora boosted its holdings in Taiwan Semiconductor Manufacturing by 169.8% during the 3rd quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 146 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TSM has been the subject of several analyst reports. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 1.0 %

NYSE TSM opened at $203.77 on Friday. The stock has a market cap of $1.06 trillion, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. 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 stock has a 50 day simple moving average of $205.24 and a two-hundred day simple moving average of $188.67. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $122.91 and a fifty-two week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating 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%. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.27%.

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.