Procyon Advisors LLC Buys 1,429 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Procyon Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 24.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,295 shares of the semiconductor company’s stock after purchasing an additional 1,429 shares during the period. Procyon Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $759,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Baystate Wealth Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 1,333.3% during the second quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 240 shares in the last quarter. Financial Gravity Asset Management Inc. grew its stake in Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 211 shares in the last quarter. MBM Wealth Consultants LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $27,000. Carolinas Wealth Consulting LLC grew its stake in Taiwan Semiconductor Manufacturing by 334.8% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 287 shares of the semiconductor company’s stock worth $29,000 after buying an additional 221 shares in the last quarter. Finally, PCA Investment Advisory Services Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $29,000. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the subject of a number of research reports. Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, December 8th. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research note on Friday, January 12th. Susquehanna upped their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Tuesday, February 13th. Finally, Needham & Company LLC upped their price objective on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Friday, January 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average target price of $128.25.

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

TSM stock traded down $1.13 during trading on Thursday, hitting $135.56. 2,289,056 shares of the stock traded hands, compared to its average volume of 15,558,705. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $81.21 and a 1 year high of $158.40. The firm’s 50 day moving average is $128.42 and its two-hundred day moving average is $106.78. The stock has a market cap of $703.07 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The firm had revenue of $19.62 billion for the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a $0.4408 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 33.78%.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.