BKM Wealth Management LLC Has $792,000 Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

BKM Wealth Management LLC boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 15.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,562 shares of the semiconductor company’s stock after buying an additional 622 shares during the period. BKM Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $792,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TSM. Brookstone Capital Management increased its position in shares of Taiwan Semiconductor Manufacturing by 12.0% during the 1st quarter. Brookstone Capital Management now owns 7,436 shares of the semiconductor company’s stock worth $1,012,000 after purchasing an additional 798 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 68.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 4,546 shares of the semiconductor company’s stock valued at $618,000 after acquiring an additional 1,842 shares during the last quarter. Capital Asset Advisory Services LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $378,000. Toth Financial Advisory Corp grew its position in Taiwan Semiconductor Manufacturing by 3.3% during the 1st quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock worth $311,000 after acquiring an additional 74 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $361,000. 16.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TSM has been the topic of several research analyst reports. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating and five have assigned 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 $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $203.33 on Friday. The company has a market cap of $1.05 trillion, a PE ratio of 38.73, a PEG ratio of 0.96 and a beta of 1.14. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.95 and a 1 year high of $212.60. The company’s 50-day moving average is $178.19 and its two-hundred day moving average is $166.16.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a $0.4871 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 0.96%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 36.95%.

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.