Rialto Wealth Management LLC Purchases Shares of 642 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Rialto Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 642 shares of the semiconductor company’s stock, valued at approximately $127,000.

Other large investors also recently added to or reduced their stakes in the company. Summit Global Investments increased its holdings in shares of Taiwan Semiconductor Manufacturing by 186.8% in the 3rd quarter. Summit Global Investments now owns 12,766 shares of the semiconductor company’s stock worth $2,217,000 after buying an additional 8,315 shares during the last quarter. Hollencrest Capital Management raised its position in Taiwan Semiconductor Manufacturing by 71.5% during the third quarter. Hollencrest Capital Management now owns 3,425 shares of the semiconductor company’s stock valued at $595,000 after purchasing an additional 1,428 shares in the last quarter. Equitable Trust Co. lifted its stake in Taiwan Semiconductor Manufacturing by 9.8% during the third quarter. Equitable Trust Co. now owns 35,590 shares of the semiconductor company’s stock worth $6,181,000 after purchasing an additional 3,178 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $425,000. Finally, Galvin Gaustad & Stein LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 5.9% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 103,491 shares of the semiconductor company’s stock valued at $17,973,000 after purchasing an additional 5,779 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $176.58 on Friday. The stock has a market capitalization of $915.80 billion, a P/E ratio of 25.08, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The business’s 50 day simple moving average is $202.05 and its two-hundred day simple moving average is $191.76.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 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%. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.55%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.68%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two 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.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average price target 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.