Avidian Wealth Enterprises LLC Buys 702 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Avidian Wealth Enterprises LLC grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,750 shares of the semiconductor company’s stock after acquiring an additional 702 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Accel Wealth Management grew its stake in shares of Taiwan Semiconductor Manufacturing by 2.5% in the fourth quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company’s stock worth $402,000 after purchasing an additional 49 shares during the last quarter. FWG Holdings LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 1.6% in the third quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock worth $539,000 after purchasing an additional 50 shares during the last quarter. Elmwood Wealth Management Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% in the fourth quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock worth $277,000 after purchasing an additional 50 shares during the last quarter. Gilman Hill Asset Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% in the fourth quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock worth $319,000 after purchasing an additional 52 shares during the last quarter. Finally, Traynor Capital Management Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 3.4% in the fourth quarter. Traynor Capital Management Inc. now owns 1,566 shares of the semiconductor company’s stock worth $309,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TSM shares. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $206.38 on Thursday. The firm’s 50-day moving average price is $205.18 and its 200-day moving average price is $188.45. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $122.91 and a 1-year high of $226.40. The firm has a market capitalization of $1.07 trillion, a P/E ratio of 29.32, a P/E/G ratio of 0.70 and a beta of 1.06. 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 (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate 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 research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

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.