Atlantic Edge Private Wealth Management LLC Increases Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,848 shares of the semiconductor company’s stock after acquiring an additional 126 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 1.2% of Atlantic Edge Private Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest position. Atlantic Edge Private Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,920,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Reston Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $25,000. Stonebridge Financial Group LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $25,000. Archer Investment Corp raised its holdings in Taiwan Semiconductor Manufacturing by 48.1% in the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 62 shares in the last quarter. American Capital Advisory LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $38,000. Finally, OLD Second National Bank of Aurora raised its holdings in Taiwan Semiconductor Manufacturing by 169.8% in the third quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TSM shares. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays raised 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. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC reaffirmed 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 0.8 %

TSM stock opened at $207.85 on Tuesday. 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 Company Limited has a twelve month low of $122.91 and a twelve month high of $226.40. The company’s 50 day moving average is $204.71 and its two-hundred day moving average is $187.79. The stock has a market cap of $1.08 trillion, a P/E ratio of 29.52, a PEG ratio of 0.70 and a beta of 1.06.

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, topping 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%. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.27%.

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.