Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Balboa Wealth Partners’ 10th Largest Position

Balboa Wealth Partners raised its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 30,220 shares of the semiconductor company’s stock after purchasing an additional 1,057 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.4% of Balboa Wealth Partners’ holdings, making the stock its 10th biggest holding. Balboa Wealth Partners’ holdings in Taiwan Semiconductor Manufacturing were worth $5,968,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $25,000. Hopwood Financial Services Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $27,000. Roxbury Financial LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $29,000. Archer Investment Corp increased its stake in shares of Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 62 shares in the last quarter. Finally, Endeavor Private Wealth Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TSM shares. Barclays increased their price target 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, January 17th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $176.92 on Thursday. The company has a 50 day moving average price of $200.52 and a 200-day moving average price of $191.82. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40. The firm has a market capitalization of $917.56 billion, a PE ratio of 25.13, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS 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, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared 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. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.55%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.68%.

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.