RWA Wealth Partners LLC Raises Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

RWA Wealth Partners LLC boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1,348.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,028 shares of the semiconductor company’s stock after buying an additional 40,058 shares during the quarter. RWA Wealth Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,475,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of TSM. Farmers & Merchants Investments Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV grew its stake in shares of Taiwan Semiconductor Manufacturing by 108.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 162 shares in the last quarter. Financial Gravity Asset Management Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 211 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $37,000. Finally, Baystate Wealth Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 53.5% in the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 138 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on TSM. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $131.00 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $81.21 and a one year high of $158.40. The stock has a market cap of $679.42 billion, a P/E ratio of 24.72, a PEG ratio of 0.92 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. The company has a fifty day moving average price of $136.49 and a 200 day moving average price of $113.70.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

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.