1900 Wealth Management LLC Has $817,000 Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

1900 Wealth Management LLC cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,137 shares of the semiconductor company’s stock after selling 430 shares during the quarter. 1900 Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $817,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TSM. Iron Horse Wealth Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 236.1% during the fourth quarter. Iron Horse Wealth Management LLC now owns 279 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 196 shares during the period. Argus Investors Counsel Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 10.5% in the 4th quarter. Argus Investors Counsel Inc. now owns 2,344 shares of the semiconductor company’s stock valued at $463,000 after purchasing an additional 223 shares during the period. McHugh Group LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $605,000. Silver Oak Securities Incorporated increased its position in Taiwan Semiconductor Manufacturing by 176.2% during the 4th quarter. Silver Oak Securities Incorporated now owns 23,628 shares of the semiconductor company’s stock worth $4,735,000 after buying an additional 15,073 shares during the period. Finally, Elm3 Financial Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $404,000. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

TSM has been the subject of several analyst reports. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC reiterated 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $210.40 on Friday. The firm’s fifty day moving average price is $203.69 and its two-hundred day moving average price is $187.05. The stock has a market cap of $1.09 trillion, a PE ratio of 29.89, a PEG ratio of 0.69 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 $120.00 and a fifty-two week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.04%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 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.