Wealth Alliance Has $956,000 Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Wealth Alliance grew its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,193 shares of the semiconductor company’s stock after purchasing an additional 180 shares during the quarter. Wealth Alliance’s holdings in Taiwan Semiconductor Manufacturing were worth $956,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. grew its position 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 valued at $27,000 after purchasing an additional 211 shares during the last quarter. MBM Wealth Consultants LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $27,000. PCA Investment Advisory Services Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $29,000. First Financial Corp IN acquired a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $31,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

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

Taiwan Semiconductor Manufacturing Stock Down 0.2 %

Shares of TSM opened at $139.80 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $81.21 and a 52 week high of $158.40. The stock has a market capitalization of $725.06 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 1.07 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40. The stock has a fifty day moving average of $136.36 and a 200-day moving average of $112.42.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders 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 dividend yield of 1.26%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 33.20%.

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.