RBA Wealth Management LLC Acquires 625 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

RBA Wealth Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,818 shares of the semiconductor company’s stock after buying an additional 625 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 1.7% of RBA Wealth Management LLC’s investment portfolio, making the stock its 29th biggest holding. RBA Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Reston Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the third quarter worth $25,000. Sugarloaf Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 77.1% in the third quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 81 shares during the period. Archer Investment Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 48.1% in the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 62 shares during the period. Endeavor Private Wealth Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $40,000. Finally, American Capital Advisory LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at about $38,000. 16.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TSM has been the topic of several recent analyst reports. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC restated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 4.5 %

TSM stock opened at $199.96 on Tuesday. The company has a market capitalization of $1.04 trillion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 0.69 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $116.58 and a one year high of $226.40. The company’s 50 day moving average price is $202.44 and its two-hundred day moving average price is $186.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a $0.5484 dividend. This represents a $2.19 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.27%.

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.