Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 2,950 shares of the semiconductor company’s stock after acquiring an additional 286 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $401,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TSM. Johnson Financial Group Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $25,000. Financial Gravity Asset Management Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 211 shares during the period. Sachetta LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $29,000. Farmers & Merchants Investments Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $31,000. Finally, Creative Financial Designs Inc. ADV grew its position in Taiwan Semiconductor Manufacturing by 108.7% during the 4th 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 period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock traded down $1.06 during trading on Tuesday, reaching $137.44. The company had a trading volume of 10,964,389 shares, compared to its average volume of 15,683,780. The firm has a market capitalization of $712.82 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 0.99 and a beta of 1.15. The firm’s 50-day simple moving average is $137.54 and its 200 day simple moving average is $115.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $82.44 and a 1-year high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid 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 dividend yield of 1.28%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

Analyst Upgrades and Downgrades

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

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.