Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Atlantic Edge Private Wealth Management LLC

Atlantic Edge Private Wealth Management LLC lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,848 shares of the semiconductor company’s stock after purchasing an additional 126 shares during the period. Taiwan Semiconductor Manufacturing comprises about 1.2% of Atlantic Edge Private Wealth Management LLC’s portfolio, making the stock its 22nd biggest holding. Atlantic Edge Private Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,920,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Wealthcare Capital Partners LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $450,000. Sovran Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $723,000. Compound Global Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $722,000. Stonebridge Financial Group LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $25,000. Finally, Essex Financial Services Inc. raised its position in Taiwan Semiconductor Manufacturing by 0.8% during the fourth quarter. Essex Financial Services Inc. now owns 9,688 shares of the semiconductor company’s stock worth $1,913,000 after acquiring an additional 77 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Up 0.8 %

Shares of TSM opened at $207.85 on Tuesday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $122.91 and a 12-month high of $226.40. The firm has a 50-day moving average price of $204.71 and a 200 day moving average price of $187.79. The firm has a market capitalization of $1.08 trillion, a P/E ratio of 29.52, a P/E/G ratio of 0.70 and a beta of 1.06.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 27.27%.

Analyst Ratings Changes

A number of equities analysts have weighed in on TSM shares. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays increased their target price 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 shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report 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 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 company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Company 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.