1,087 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Acquired by Root Financial Partners LLC

Root Financial Partners LLC purchased a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,087 shares of the semiconductor company’s stock, valued at approximately $215,000.

Other large investors also recently added to or reduced their stakes in the company. AMF Tjanstepension AB increased its stake in Taiwan Semiconductor Manufacturing by 4.8% in the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after acquiring an additional 70,057 shares during the last quarter. Creative Planning increased its stake in Taiwan Semiconductor Manufacturing by 8.1% in the 3rd quarter. Creative Planning now owns 495,686 shares of the semiconductor company’s stock worth $86,086,000 after acquiring an additional 37,122 shares during the last quarter. Cornerstone Wealth Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 12.9% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 6,824 shares of the semiconductor company’s stock worth $1,185,000 after acquiring an additional 778 shares during the last quarter. Good Life Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 25.4% in the 3rd quarter. Good Life Advisors LLC now owns 3,786 shares of the semiconductor company’s stock worth $658,000 after acquiring an additional 766 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its stake in Taiwan Semiconductor Manufacturing by 0.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 41,649 shares of the semiconductor company’s stock worth $7,233,000 after acquiring an additional 246 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSM has been the topic of a number of research reports. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $203.77 on Friday. The business’s 50 day moving average price is $205.24 and its 200-day moving average price is $188.67. The company has a market cap of $1.06 trillion, a P/E ratio of 28.94, a P/E/G ratio of 0.70 and a beta of 1.06. 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 fifty-two week low of $122.91 and a fifty-two week high of $226.40.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed 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. This represents a $2.74 annualized dividend and a yield of 1.35%. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.11%.

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.