Forum Financial Management LP Purchases 131 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Forum Financial Management LP boosted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,425 shares of the semiconductor company’s stock after acquiring an additional 131 shares during the period. Forum Financial Management LP’s holdings in Taiwan Semiconductor Manufacturing were worth $281,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TSM. Morse Asset Management Inc increased its stake in Taiwan Semiconductor Manufacturing by 120.7% during the 3rd quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company’s stock valued at $3,074,000 after purchasing an additional 9,683 shares in the last quarter. Advisory Resource Group raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.4% in the 3rd quarter. Advisory Resource Group now owns 7,984 shares of the semiconductor company’s stock worth $1,387,000 after acquiring an additional 107 shares during the last quarter. Virtu Financial LLC lifted its position in Taiwan Semiconductor Manufacturing by 242.1% in the 3rd quarter. Virtu Financial LLC now owns 28,669 shares of the semiconductor company’s stock valued at $4,979,000 after acquiring an additional 20,289 shares in the last quarter. Chelsea Counsel Co. boosted its stake in Taiwan Semiconductor Manufacturing by 25.0% during the 3rd quarter. Chelsea Counsel Co. now owns 500 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 100 shares during the last quarter. Finally, Tudor Financial Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter worth approximately $530,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $148.04 on Tuesday. The business’s 50 day simple moving average is $172.56 and its 200 day simple moving average is $189.92. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. The company has a market cap of $767.80 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 0.66 and a beta of 1.16. 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 released its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The business had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.85%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.68%.

Analyst Ratings Changes

A number of equities research analysts recently commented on TSM shares. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays dropped their price target on shares of Taiwan Semiconductor Manufacturing from $255.00 to $215.00 and set an “overweight” rating on the stock in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, Susquehanna reduced their target price on Taiwan Semiconductor Manufacturing from $265.00 to $250.00 and set a “positive” rating for the company in a report on Thursday, April 17th. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $212.00.

Taiwan Semiconductor Manufacturing Company 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.