Procyon Advisors LLC Has $759,000 Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Procyon Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 24.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,295 shares of the semiconductor company’s stock after purchasing an additional 1,429 shares during the quarter. Procyon Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $759,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Atlas Private Wealth Advisors increased its position in Taiwan Semiconductor Manufacturing by 3.3% during the 4th quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock worth $342,000 after buying an additional 104 shares during the period. Advisory Resource Group increased its position in Taiwan Semiconductor Manufacturing by 1.3% during the 4th quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company’s stock worth $886,000 after buying an additional 108 shares during the period. Waverly Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 3.8% in the third quarter. Waverly Advisors LLC now owns 3,145 shares of the semiconductor company’s stock worth $273,000 after purchasing an additional 116 shares during the period. Cresset Asset Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 0.7% in the first quarter. Cresset Asset Management LLC now owns 18,334 shares of the semiconductor company’s stock worth $1,712,000 after purchasing an additional 124 shares during the period. Finally, CVA Family Office LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 3.7% in the fourth quarter. CVA Family Office LLC now owns 3,463 shares of the semiconductor company’s stock worth $360,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Tuesday, February 13th. Needham & Company LLC boosted their price target on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the stock a “buy” rating in a report on Friday, January 19th. TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a report on Friday, January 12th. Finally, StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, December 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.25.

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

NYSE TSM traded down $1.13 on Thursday, reaching $135.56. The company had a trading volume of 2,289,056 shares, compared to its average volume of 15,558,705. The stock has a market capitalization of $703.07 billion, a P/E ratio of 26.29, a P/E/G ratio of 1.06 and a beta of 1.15. The company’s fifty day moving average is $128.42 and its 200 day moving average is $106.78. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $81.21 and a 52-week high of $158.40. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The firm had revenue of $19.62 billion during the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be paid a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.30%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 33.78%.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.