Marks Group Wealth Management Inc Trims Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Marks Group Wealth Management Inc reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,035 shares of the semiconductor company’s stock after selling 412 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $1,252,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TSM. Financial Gravity Asset Management Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 208.9% during 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 during the period. Farmers & Merchants Investments Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $31,000. Creative Financial Designs Inc. ADV lifted its position in shares of Taiwan Semiconductor Manufacturing by 108.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 162 shares during the last quarter. Baystate Wealth Management LLC lifted its holdings in 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 during the last quarter. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note 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 report on Tuesday, April 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded up $3.01 on Tuesday, hitting $132.76. The company’s stock had a trading volume of 7,572,310 shares, compared to its average volume of 15,799,706. The company’s 50 day simple moving average is $136.49 and its 200-day simple moving average is $113.70. The firm has a market cap of $688.55 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 0.92 and a beta of 1.15. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $81.21 and a 12 month high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

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 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.