Tennessee Valley Asset Management Partners Makes New $37,000 Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Tennessee Valley Asset Management Partners acquired a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 360 shares of the semiconductor company’s stock, valued at approximately $37,000.

Other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV raised its stake 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 valued at $32,000 after acquiring an additional 162 shares in the last quarter. Financial Gravity Asset Management Inc. raised its stake in shares of 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 valued at $27,000 after acquiring an additional 211 shares in the last quarter. Baystate Wealth Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 53.5% during the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 138 shares in the last quarter. Finally, Manchester Capital Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 961.9% during the third quarter. Manchester Capital Management LLC now owns 446 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 404 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $133.49 on Wednesday. The firm’s fifty day simple moving average is $136.61 and its two-hundred day simple moving average is $114.01. The company has a current ratio of 2.33, a quick ratio of 2.06 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. The firm has a market capitalization of $692.33 billion, a P/E ratio of 25.43, a P/E/G ratio of 0.92 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a $0.4408 dividend. This represents a $1.76 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Susquehanna boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $157.00.

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.