Kolinsky Wealth Management LLC Has $611,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Kolinsky Wealth Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,519 shares of the semiconductor company’s stock after buying an additional 127 shares during the period. Kolinsky Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $611,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $25,000. Reston Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $25,000. Olistico Wealth LLC bought a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $27,000. Valley Wealth Managers Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $27,000. Finally, NewSquare Capital LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $29,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $184.79 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company’s 50-day moving average is $189.16 and its 200-day moving average is $175.02. The stock has a market capitalization of $958.40 billion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 0.84 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $95.25 and a 1 year high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.19%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

Analyst Ratings Changes

TSM has been the subject of a number of analyst reports. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

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.