Vestmark Advisory Solutions Inc. Acquires 5,054 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Vestmark Advisory Solutions Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 15.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,914 shares of the semiconductor company’s stock after buying an additional 5,054 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $3,839,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TSM. Financial Gravity Asset Management Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 211 shares during the period. Farmers & Merchants Investments Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $31,000. Creative Financial Designs Inc. ADV lifted its stake in Taiwan Semiconductor Manufacturing by 108.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 162 shares during the last quarter. Baystate Wealth Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 53.5% during the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 138 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $37,000. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

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

Taiwan Semiconductor Manufacturing Trading Up 3.9 %

Shares of NYSE TSM traded up $5.33 during midday trading on Friday, reaching $141.56. The company had a trading volume of 13,264,336 shares, compared to its average volume of 15,843,582. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $82.53 and a one year 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. The firm’s fifty day moving average price is $138.12 and its 200-day moving average price is $116.26. The stock has a market cap of $734.19 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 0.97 and a beta of 1.13.

Taiwan Semiconductor Manufacturing Cuts Dividend

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

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.