Arkfeld Wealth Strategies L.L.C. Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Arkfeld Wealth Strategies L.L.C. bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,049 shares of the semiconductor company’s stock, valued at approximately $211,000.

Several other hedge funds also recently modified their holdings of the business. Private Client Services LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $201,000. Trust Co of the South grew its stake in shares of Taiwan Semiconductor Manufacturing by 232.8% in the fourth quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock valued at $1,752,000 after buying an additional 6,204 shares in the last quarter. Headwater Capital Co Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $49,372,000. Genesis Private Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $462,000. Finally, NRI Wealth Management LC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $1,545,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 1.3 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $221.73 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a market cap of $1.15 trillion, a PE ratio of 31.50, a P/E/G ratio of 0.74 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $112.61 and a 1 year high of $226.40. The stock has a fifty day moving average price of $201.07 and a 200-day moving average price of $185.75.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 27.27%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday, January 20th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Company 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.