GeoWealth Management LLC Grows Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

GeoWealth Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.5% in the fourth quarter, HoldingsChannel reports. The firm owned 13,846 shares of the semiconductor company’s stock after buying an additional 851 shares during the period. GeoWealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSM. Goodman Advisory Group LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 15.8% during the 4th quarter. Goodman Advisory Group LLC now owns 31,830 shares of the semiconductor company’s stock worth $6,286,000 after acquiring an additional 4,336 shares in the last quarter. Commerce Bank grew its holdings in Taiwan Semiconductor Manufacturing by 0.3% in the fourth quarter. Commerce Bank now owns 52,739 shares of the semiconductor company’s stock valued at $10,415,000 after purchasing an additional 168 shares during the period. Capital Group Private Client Services Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 0.9% during the 4th quarter. Capital Group Private Client Services Inc. now owns 826,604 shares of the semiconductor company’s stock worth $163,246,000 after buying an additional 7,202 shares during the period. Capital International Investors grew its stake in Taiwan Semiconductor Manufacturing by 8.2% in the 4th quarter. Capital International Investors now owns 22,210,222 shares of the semiconductor company’s stock valued at $4,391,957,000 after acquiring an additional 1,683,256 shares during the period. Finally, Capital International Sarl raised its position in Taiwan Semiconductor Manufacturing by 14.1% during the fourth quarter. Capital International Sarl now owns 102,857 shares of the semiconductor company’s stock worth $20,313,000 after acquiring an additional 12,700 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TSM. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Susquehanna reduced their target price on shares of Taiwan Semiconductor Manufacturing from $265.00 to $250.00 and set a “positive” rating for the company in a research report on Thursday. Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $151.86 on Friday. The firm’s 50-day moving average is $173.73 and its two-hundred day moving average is $189.98. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. 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 has a market capitalization of $787.61 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The company had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. 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 business also recently announced 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. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.81%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.68%.

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.