Barlow Wealth Partners Inc. Invests $281,000 in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Barlow Wealth Partners Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,706 shares of the semiconductor company’s stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TSM. Farmers & Merchants Investments Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $31,000. Creative Financial Designs Inc. ADV increased its position 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 buying an additional 162 shares during the period. Financial Gravity Asset Management Inc. increased its position 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 worth $27,000 after buying an additional 211 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $37,000. Finally, Baystate Wealth Management LLC increased its position 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 buying an additional 138 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM traded down $1.74 during trading on Tuesday, reaching $141.09. The company had a trading volume of 8,676,531 shares, compared to its average volume of 15,388,322. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $82.53 and a fifty-two week high of $158.40. The firm has a market capitalization of $731.75 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The stock’s fifty day moving average price is $138.61 and its 200 day moving average price is $117.32.

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

Analysts Set New Price Targets

Several research analysts have commented on TSM shares. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report 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 report on Friday, April 19th. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report 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 report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.