Dover Advisors LLC Makes New $510,000 Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Dover Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,882 shares of the semiconductor company’s stock, valued at approximately $510,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Monumental Financial Group Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 1.2% in the fourth quarter. Monumental Financial Group Inc. now owns 11,172 shares of the semiconductor company’s stock worth $1,162,000 after purchasing an additional 136 shares in the last quarter. Little House Capital LLC increased its holdings in Taiwan Semiconductor Manufacturing by 1.1% in the fourth quarter. Little House Capital LLC now owns 16,325 shares of the semiconductor company’s stock worth $1,698,000 after purchasing an additional 174 shares in the last quarter. Unique Wealth Strategies LLC bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $1,443,000. Bank OZK increased its holdings in shares of Taiwan Semiconductor Manufacturing by 3.9% during the fourth quarter. Bank OZK now owns 14,924 shares of the semiconductor company’s stock valued at $1,552,000 after acquiring an additional 557 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $204,000. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock traded up $1.72 during midday trading on Friday, hitting $138.30. The company’s stock had a trading volume of 9,453,393 shares, compared to its average volume of 15,706,765. The stock’s 50-day moving average price is $137.06 and its 200 day moving average price is $114.97. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $82.16 and a 1 year high of $158.40. The stock has a market cap of $717.28 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 0.99 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a $0.4408 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.27%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

Analyst Upgrades and Downgrades

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

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.