180 Wealth Advisors LLC Has $4.04 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

180 Wealth Advisors LLC cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,671 shares of the semiconductor company’s stock after selling 155 shares during the period. Taiwan Semiconductor Manufacturing makes up 0.7% of 180 Wealth Advisors LLC’s holdings, making the stock its 29th largest position. 180 Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,037,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth $25,000. Sachetta LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $29,000. First Financial Corp IN acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $40,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $31,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of 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 buying an additional 162 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Needham & Company LLC restated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 17th. Finally, TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $173.60.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock traded up $3.61 on Friday, reaching $175.24. The stock had a trading volume of 5,074,683 shares, compared to its average volume of 15,064,534. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average is $154.04 and its two-hundred day moving average is $133.84. The firm has a market capitalization of $908.87 billion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 1.18 and a beta of 1.11. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $184.86.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.09. The firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a $0.4865 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

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.