7,602 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Bought by Connecticut Wealth Management LLC

Connecticut Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,602 shares of the semiconductor company’s stock, valued at approximately $791,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. increased its position in Taiwan Semiconductor Manufacturing by 2.0% during the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock worth $501,000 after purchasing an additional 96 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 2.3% in the fourth quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock worth $441,000 after acquiring an additional 96 shares in the last quarter. Atlas Private Wealth Advisors raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock valued at $342,000 after acquiring an additional 104 shares during the period. Advisory Resource Group lifted its holdings in shares of 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 in the last quarter. Finally, Intrust Bank NA boosted its position in Taiwan Semiconductor Manufacturing by 0.8% during the 4th quarter. Intrust Bank NA now owns 14,187 shares of the semiconductor company’s stock worth $1,475,000 after purchasing an additional 111 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 3.9 %

Shares of TSM traded up $5.33 during trading on Friday, reaching $141.56. The company’s stock had a trading volume of 13,264,336 shares, compared to its average volume of 15,843,582. The company has a market cap of $734.19 billion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 1.01 and a beta of 1.13. 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 company has a fifty day moving average of $138.12 and a two-hundred day moving average of $116.62. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $82.53 and a twelve month high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business 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 $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.25%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

Wall Street Analyst Weigh In

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