Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Holdings Increased by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,693 shares of the semiconductor company’s stock after purchasing an additional 429 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $595,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSM. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 30.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,381,845 shares of the semiconductor company’s stock worth $144,071,000 after purchasing an additional 318,570 shares in the last quarter. Zions Bancorporation N.A. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 29.2% in the 1st quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 135 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 40.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 12,700 shares of the semiconductor company’s stock worth $1,324,000 after purchasing an additional 3,638 shares in the last quarter. Merit Financial Group LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 17.3% during the first quarter. Merit Financial Group LLC now owns 2,350 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 346 shares during the period. Finally, Ergoteles LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 138.6% during the first quarter. Ergoteles LLC now owns 45,497 shares of the semiconductor company’s stock valued at $4,744,000 after acquiring an additional 26,426 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock opened at $139.80 on Wednesday. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $725.06 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 1.07 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $81.21 and a 12 month high of $158.40. The firm has a 50 day moving average of $136.36 and a two-hundred day moving average of $112.42.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. The company had revenue of $19.62 billion during the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 33.20%.

Wall Street Analysts Forecast Growth

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

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