Synergy Financial Group LTD Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Synergy Financial Group LTD bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, Holdings Channel reports. The firm bought 1,090 shares of the semiconductor company’s stock, valued at approximately $215,000.

A number of other hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB grew its holdings in shares of Taiwan Semiconductor Manufacturing by 4.8% in the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock valued at $266,300,000 after purchasing an additional 70,057 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in Taiwan Semiconductor Manufacturing by 14.1% during the third quarter. J.W. Cole Advisors Inc. now owns 7,858 shares of the semiconductor company’s stock valued at $1,365,000 after purchasing an additional 969 shares during the last quarter. KP Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 25.0% in the 3rd quarter. KP Management LLC now owns 37,500 shares of the semiconductor company’s stock worth $6,513,000 after buying an additional 7,500 shares in the last quarter. Inscription Capital LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $351,000. Finally, Concord Wealth Partners raised its position in shares of Taiwan Semiconductor Manufacturing by 103.7% during the 3rd quarter. Concord Wealth Partners now owns 717 shares of the semiconductor company’s stock valued at $125,000 after buying an additional 365 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays increased their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 3.4 %

Shares of NYSE TSM opened at $191.54 on Tuesday. The business’s 50 day moving average price is $205.59 and its 200-day moving average price is $191.26. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. 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 company has a market cap of $993.38 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 0.66 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a $0.6855 dividend. This represents a $2.74 annualized dividend and a yield of 1.43%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is 31.11%.

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 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.