Merit Financial Group LLC Buys 1,117 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Merit Financial Group LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 27.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,248 shares of the semiconductor company’s stock after acquiring an additional 1,117 shares during the quarter. Merit Financial Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Loudon Investment Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 4.1% during the fourth quarter. Loudon Investment Management LLC now owns 15,270 shares of the semiconductor company’s stock worth $1,588,000 after acquiring an additional 600 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Taiwan Semiconductor Manufacturing by 172.3% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 12,917 shares of the semiconductor company’s stock valued at $1,343,000 after acquiring an additional 8,173 shares during the period. Summit Global Investments grew its stake in Taiwan Semiconductor Manufacturing by 1.2% in the fourth quarter. Summit Global Investments now owns 40,494 shares of the semiconductor company’s stock valued at $4,211,000 after acquiring an additional 464 shares during the period. Intelligence Driven Advisers LLC grew its stake in Taiwan Semiconductor Manufacturing by 103.4% in the fourth quarter. Intelligence Driven Advisers LLC now owns 6,176 shares of the semiconductor company’s stock valued at $698,000 after acquiring an additional 3,140 shares during the period. Finally, Natixis Advisors L.P. grew its stake in Taiwan Semiconductor Manufacturing by 12.1% in the fourth quarter. Natixis Advisors L.P. now owns 1,802,208 shares of the semiconductor company’s stock valued at $187,429,000 after acquiring an additional 193,990 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 1.2 %

Shares of NYSE:TSM opened at $141.09 on Wednesday. The business has a fifty day moving average price of $138.61 and a two-hundred day moving average price of $117.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. The company has a market capitalization of $731.75 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $82.53 and a 1 year high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.25%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, April 2nd. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $157.00.

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.