Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Holdings Increased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE grew its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,123 shares of the semiconductor company’s stock after buying an additional 1,039 shares during the period. Congress Wealth Management LLC DE’s holdings in Taiwan Semiconductor Manufacturing were worth $4,764,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TSM. Larson Financial Group LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 153.4% during the third quarter. Larson Financial Group LLC now owns 2,035 shares of the semiconductor company’s stock worth $353,000 after purchasing an additional 1,232 shares during the period. Summit Trail Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 51.9% during the 3rd quarter. Summit Trail Advisors LLC now owns 3,839 shares of the semiconductor company’s stock valued at $669,000 after buying an additional 1,311 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Taiwan Semiconductor Manufacturing by 7.4% during the third quarter. Daiwa Securities Group Inc. now owns 23,148 shares of the semiconductor company’s stock worth $4,021,000 after acquiring an additional 1,600 shares during the period. Independent Advisor Alliance lifted its holdings in Taiwan Semiconductor Manufacturing by 13.7% in the third quarter. Independent Advisor Alliance now owns 23,846 shares of the semiconductor company’s stock worth $4,141,000 after acquiring an additional 2,865 shares during the last quarter. Finally, Boston Family Office LLC boosted its stake in Taiwan Semiconductor Manufacturing by 70.0% in the third quarter. Boston Family Office LLC now owns 3,399 shares of the semiconductor company’s stock valued at $590,000 after acquiring an additional 1,399 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.1 %

Shares of NYSE:TSM opened at $180.92 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-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 $938.33 billion, a P/E ratio of 25.70, a P/E/G ratio of 0.66 and a beta of 1.13. The stock’s 50-day moving average is $194.86 and its 200-day moving average is $192.62.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.52%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.68%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TSM shares. Barclays lifted 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. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

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.