Gutierrez Wealth Advisory LLC Acquires Shares of 1,589 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Gutierrez Wealth Advisory LLC acquired a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,589 shares of the semiconductor company’s stock, valued at approximately $314,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Lee Danner & Bass Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $48,000. Truepoint Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $251,000. Kiker Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $1,378,000. Ballast Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 4.1% in the 4th quarter. Ballast Advisors LLC now owns 15,176 shares of the semiconductor company’s stock worth $2,997,000 after purchasing an additional 596 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 11.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 29,291 shares of the semiconductor company’s stock worth $5,785,000 after buying an additional 2,989 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSM has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Barclays lifted their price objective on 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 2.2 %

NYSE:TSM opened at $177.57 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The stock’s fifty day simple moving average is $196.31 and its 200-day simple moving average is $191.85. The firm has a market capitalization of $920.97 billion, a P/E ratio of 25.22, a P/E/G ratio of 0.66 and a beta of 1.13.

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 analysts’ consensus estimates 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 expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This represents a $2.74 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.68%.

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.