FourThought Financial Partners LLC Has $5.21 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

FourThought Financial Partners LLC grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 17.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,057 shares of the semiconductor company’s stock after buying an additional 7,405 shares during the period. FourThought Financial Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $5,206,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Congress Wealth Management LLC DE increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.2% in the third quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock worth $2,686,000 after purchasing an additional 671 shares during the period. CapWealth Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 21.1% during the fourth quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after acquiring an additional 21,329 shares during the period. Fisher Asset Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after purchasing an additional 442,289 shares in the last quarter. Verus Capital Partners LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 53.6% during the third quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 1,119 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Taiwan Semiconductor Manufacturing by 99.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,087 shares of the semiconductor company’s stock valued at $442,000 after purchasing an additional 2,534 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on TSM. TD Cowen lifted 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. Needham & Company LLC reissued a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. Finally, Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 3.9 %

NYSE:TSM traded up $5.33 during trading hours on Friday, hitting $141.56. 13,264,336 shares of the stock were exchanged, compared to its average volume of 15,843,582. The company’s 50 day moving average is $138.12 and its two-hundred day moving average is $116.26. The company has a market capitalization of $734.19 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 0.97 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $82.53 and a twelve month high of $158.40. 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 Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 33.52%.

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.