Evernest Financial Advisors LLC Purchases New Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Evernest Financial Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,117 shares of the semiconductor company’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Hunter Associates Investment Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $231,000. Oak Harvest Investment Services bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $212,000. Cibc World Market Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 6.3% in the fourth quarter. Cibc World Market Inc. now owns 1,139,274 shares of the semiconductor company’s stock valued at $224,995,000 after acquiring an additional 67,847 shares in the last quarter. Calton & Associates Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $205,000. Finally, Crews Bank & Trust bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $374,000. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 2.9 %

Shares of NYSE:TSM opened at $208.29 on Friday. The business has a 50-day moving average price of $201.70 and a 200-day moving average price of $186.00. The stock has a market cap of $1.08 trillion, a price-to-earnings ratio of 29.59, a PEG ratio of 0.67 and a beta of 1.07. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $112.61 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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%. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 1.05%. Taiwan Semiconductor Manufacturing’s payout ratio is 27.27%.

Wall Street Analyst Weigh In

TSM has been the topic of several recent research reports. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Finally, Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing 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.