Redhawk Wealth Advisors Inc. Acquires Shares of 1,148 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Redhawk Wealth Advisors Inc. bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,148 shares of the semiconductor company’s stock, valued at approximately $227,000.

Other hedge funds also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter worth $25,000. Fairscale Capital LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $32,000. Sugarloaf Wealth Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 77.1% during 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 period. Archer Investment Corp raised its position in Taiwan Semiconductor Manufacturing by 48.1% during 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. Finally, Abich Financial Wealth Management LLC raised its position in Taiwan Semiconductor Manufacturing by 108.0% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 108 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $215.06 on Friday. The business has a fifty day simple moving average of $197.53 and a two-hundred day simple moving average of $183.96. The firm has a market capitalization of $1.12 trillion, a P/E ratio of 34.46, a P/E/G ratio of 0.76 and a beta of 1.07. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $100.00 and a 12 month high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data 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 net margin of 39.10% and a return on equity of 27.44%. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 35.10%.

Analysts Set New Price Targets

Several research firms have recently issued reports on TSM. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average price target of $217.00.

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.