Bison Wealth LLC Invests $1.18 Million in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bison Wealth LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, Holdings Channel.com reports. The fund purchased 11,329 shares of the semiconductor company’s stock, valued at approximately $1,178,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSM. Atlas Private Wealth Advisors grew its holdings in Taiwan Semiconductor Manufacturing by 3.3% during the fourth quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 104 shares during the period. Advisory Resource Group boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.3% in the fourth quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company’s stock valued at $886,000 after buying an additional 108 shares during the period. Baystate Wealth Management LLC raised its position in Taiwan Semiconductor Manufacturing by 28.8% during the fourth quarter. Baystate Wealth Management LLC now owns 510 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 114 shares in the last quarter. Waverly Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 3.8% during the third quarter. Waverly Advisors LLC now owns 3,145 shares of the semiconductor company’s stock valued at $273,000 after purchasing an additional 116 shares in the last quarter. Finally, Cresset Asset Management LLC raised its position in Taiwan Semiconductor Manufacturing by 0.7% during the first quarter. Cresset Asset Management LLC now owns 18,334 shares of the semiconductor company’s stock valued at $1,712,000 after purchasing an additional 124 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TSM shares. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Needham & Company LLC boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. Finally, TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research note on Friday, January 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

Taiwan Semiconductor Manufacturing Trading Down 1.6 %

NYSE:TSM opened at $140.17 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $81.21 and a one year high of $158.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. The firm has a 50-day moving average of $135.95 and a 200-day moving average of $112.05. The company has a market cap of $726.98 billion, a PE ratio of 27.06, a PEG ratio of 1.09 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The business had revenue of $19.62 billion during the quarter, compared to the consensus estimate of $18.99 billion. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 EPS 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. This represents a $1.76 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 33.20%.

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