Keudell Morrison Wealth Management Acquires Shares of 1,111 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Keudell Morrison Wealth Management bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, Holdings Channel reports. The fund bought 1,111 shares of the semiconductor company’s stock, valued at approximately $219,000.

Other hedge funds also recently modified their holdings of the company. Reston Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $25,000. Sugarloaf Wealth Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 77.1% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 81 shares during the last quarter. Archer Investment Corp boosted its stake in shares of Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 62 shares during the last quarter. American Capital Advisory LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $38,000. Finally, OLD Second National Bank of Aurora boosted its stake in shares of Taiwan Semiconductor Manufacturing by 169.8% in the 3rd quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 146 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $209.28 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $112.61 and a twelve month high of $226.40. The firm’s 50 day moving average price is $202.06 and its two-hundred day moving average price is $186.16. The firm has a market cap of $1.09 trillion, a P/E ratio of 29.73, a PEG ratio of 0.67 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.27%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

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.