Soltis Investment Advisors LLC Boosts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Soltis Investment Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 223.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,343 shares of the semiconductor company’s stock after acquiring an additional 38,238 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.0% of Soltis Investment Advisors LLC’s holdings, making the stock its 17th largest position. Soltis Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $10,930,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. AMF Tjanstepension AB lifted its position in shares of Taiwan Semiconductor Manufacturing by 4.8% during the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock valued at $266,300,000 after buying an additional 70,057 shares during the last quarter. CWM LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 7.6% in the third quarter. CWM LLC now owns 29,651 shares of the semiconductor company’s stock valued at $5,149,000 after purchasing an additional 2,097 shares in the last quarter. Perfromance Wealth Partners LLC boosted its stake in Taiwan Semiconductor Manufacturing by 12.6% in the 3rd quarter. Perfromance Wealth Partners LLC now owns 1,308 shares of the semiconductor company’s stock worth $227,000 after purchasing an additional 146 shares during the period. Silverlake Wealth Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.3% in the third quarter. Silverlake Wealth Management LLC now owns 2,457 shares of the semiconductor company’s stock valued at $427,000 after acquiring an additional 79 shares during the period. Finally, Westend Capital Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 0.7% in the 3rd quarter. Westend Capital Management LLC now owns 39,112 shares of the semiconductor company’s stock worth $6,793,000 after purchasing an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 2.0 %

Shares of NYSE:TSM opened at $206.25 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $122.91 and a 1 year high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock’s 50-day moving average is $204.71 and its 200 day moving average is $187.59. The company has a market cap of $1.07 trillion, a PE ratio of 29.30, a P/E/G ratio of 0.70 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a $0.5484 dividend. This represents a $2.19 annualized dividend and a dividend yield of 1.06%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 27.27%.

Analyst Ratings Changes

A number of equities analysts have weighed in on TSM shares. Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Barclays increased 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 cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two equities research 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 company 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.