Financial Perspectives Inc Has $3.26 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Financial Perspectives Inc lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 31,368 shares of the semiconductor company’s stock after buying an additional 302 shares during the period. Taiwan Semiconductor Manufacturing makes up about 1.3% of Financial Perspectives Inc’s holdings, making the stock its 17th largest holding. Financial Perspectives Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $3,262,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TSM. Financial Gravity Asset Management Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 208.9% in the 3rd 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 during the period. Farmers & Merchants Investments Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $31,000. Creative Financial Designs Inc. ADV raised its holdings in Taiwan Semiconductor Manufacturing by 108.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 162 shares during the period. Baystate Wealth Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 53.5% in the 3rd quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 138 shares during the period. Finally, Tennessee Valley Asset Management Partners bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $37,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Up 2.9 %

Shares of NYSE:TSM traded up $3.74 during mid-day trading on Tuesday, reaching $133.49. 12,526,720 shares of the company’s stock were exchanged, compared to its average volume of 15,867,648. The firm has a market capitalization of $692.33 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 0.92 and a beta of 1.15. The business’s fifty day moving average price is $136.49 and its 200-day moving average price is $113.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $81.21 and a twelve month high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Finally, Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus 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.