Simplicity Wealth LLC Acquires 1,214 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Simplicity Wealth LLC increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 95.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,482 shares of the semiconductor company’s stock after purchasing an additional 1,214 shares during the period. Simplicity Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $490,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWA Asset Management Group LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $425,000. Mesirow Financial Investment Management Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 2.4% during the third quarter. Mesirow Financial Investment Management Inc. now owns 14,425 shares of the semiconductor company’s stock valued at $2,505,000 after buying an additional 338 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at $52,000. Sigma Planning Corp boosted its position in shares of Taiwan Semiconductor Manufacturing by 11.6% during the third quarter. Sigma Planning Corp now owns 13,315 shares of the semiconductor company’s stock valued at $2,313,000 after buying an additional 1,389 shares during the last quarter. Finally, Mayflower Financial Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 6.6% in the third quarter. Mayflower Financial Advisors LLC now owns 3,521 shares of the semiconductor company’s stock worth $612,000 after purchasing an additional 217 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $170.50 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock has a market cap of $884.28 billion, a PE ratio of 24.22, a P/E/G ratio of 0.66 and a beta of 1.13. The stock has a 50 day moving average price of $201.45 and a 200 day moving average price of $191.93.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results 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 return on equity of 30.47% and a net margin of 40.51%. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.61%. Taiwan Semiconductor Manufacturing’s payout ratio is 30.68%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TSM shares. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. StockNews.com downgraded 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 issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

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.