Wynn Capital LLC Takes $498,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Wynn Capital LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,785 shares of the semiconductor company’s stock, valued at approximately $498,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Atlas Private Wealth Advisors boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% during the fourth quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 104 shares during the last quarter. Advisory Resource Group boosted its stake in Taiwan Semiconductor Manufacturing by 1.3% during the 4th quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company’s stock valued at $886,000 after acquiring an additional 108 shares during the last quarter. Baystate Wealth Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 28.8% during the 4th quarter. Baystate Wealth Management LLC now owns 510 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 114 shares during the last quarter. Waverly Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 3.8% during the 3rd quarter. Waverly Advisors LLC now owns 3,145 shares of the semiconductor company’s stock valued at $273,000 after acquiring an additional 116 shares during the last quarter. Finally, CVA Family Office LLC boosted its stake in Taiwan Semiconductor Manufacturing by 3.7% during the 4th quarter. CVA Family Office LLC now owns 3,463 shares of the semiconductor company’s stock valued at $360,000 after acquiring an additional 125 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSM has been the topic of a number of recent research reports. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Needham & Company LLC restated a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock traded down $0.44 during trading hours on Wednesday, hitting $132.99. 15,530,136 shares of the company traded hands, compared to its average volume of 15,863,682. The firm has a market cap of $689.74 billion, a P/E ratio of 25.26, a P/E/G ratio of 0.93 and a beta of 1.15. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $136.61 and its two-hundred day simple moving average is $114.01. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $81.21 and a 1-year high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.33%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.76%.

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.