Focus Partners Advisor Solutions LLC Grows Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Focus Partners Advisor Solutions LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 43.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,124 shares of the semiconductor company’s stock after acquiring an additional 3,968 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,592,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TSM. Stonebridge Financial Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $25,000. IMG Wealth Management Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $26,000. Hopwood Financial Services Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $27,000. Accredited Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $31,000. Finally, Roxbury Financial LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $29,000. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TSM. Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Barclays restated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Susquehanna reissued a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.00.

Taiwan Semiconductor Manufacturing Stock Down 0.8%

Taiwan Semiconductor Manufacturing stock opened at $191.95 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $133.57 and a one year high of $226.40. The stock has a fifty day moving average of $168.54 and a 200 day moving average of $187.45. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock has a market cap of $995.53 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The business had revenue of $25.82 billion during the quarter, compared to analysts’ expectations of $834.10 billion. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s payout ratio is 27.76%.

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 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.