Kingsview Wealth Management LLC Raises Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Kingsview Wealth Management LLC lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,965 shares of the semiconductor company’s stock after purchasing an additional 1,030 shares during the period. Kingsview Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Robocap Asset Management Ltd purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $3,861,000. Apollon Wealth Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 67.8% in the 4th quarter. Apollon Wealth Management LLC now owns 23,502 shares of the semiconductor company’s stock worth $4,641,000 after purchasing an additional 9,492 shares in the last quarter. Mezzasalma Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 81.6% in the 4th quarter. Mezzasalma Advisors LLC now owns 6,363 shares of the semiconductor company’s stock worth $1,257,000 after purchasing an additional 2,859 shares during the period. MWA Asset Management grew its holdings in Taiwan Semiconductor Manufacturing by 7.8% during the 4th quarter. MWA Asset Management now owns 7,562 shares of the semiconductor company’s stock valued at $1,493,000 after buying an additional 548 shares in the last quarter. Finally, Vest Financial LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 35.3% during the fourth quarter. Vest Financial LLC now owns 10,692 shares of the semiconductor company’s stock valued at $2,112,000 after buying an additional 2,789 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TSM has been the subject of several research analyst reports. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. 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, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $206.25 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $122.91 and a 12-month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $204.71 and a 200-day moving average price of $187.59. The firm has a market capitalization of $1.07 trillion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 1.06%. Taiwan Semiconductor Manufacturing’s payout ratio is 27.27%.

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.