Wingate Wealth Advisors Inc. Makes New $97,000 Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Wingate Wealth Advisors Inc. purchased a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 493 shares of the semiconductor company’s stock, valued at approximately $97,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Comprehensive Financial Planning Inc. PA acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $138,000. Savant Capital LLC grew its position in Taiwan Semiconductor Manufacturing by 14.7% in the fourth quarter. Savant Capital LLC now owns 16,697 shares of the semiconductor company’s stock worth $3,298,000 after buying an additional 2,142 shares during the last quarter. Angeles Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing by 9.9% during the 4th quarter. Angeles Wealth Management LLC now owns 4,259 shares of the semiconductor company’s stock worth $841,000 after purchasing an additional 383 shares in the last quarter. Coronation Fund Managers Ltd. raised its stake in Taiwan Semiconductor Manufacturing by 33.0% during the 4th quarter. Coronation Fund Managers Ltd. now owns 24,749 shares of the semiconductor company’s stock valued at $4,888,000 after purchasing an additional 6,136 shares during the period. Finally, Stiles Financial Services Inc acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $217,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

TSM has been the topic of several recent analyst reports. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. 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 note on Friday, January 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, 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. Two investment analysts have rated the stock with a hold rating and four have issued 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 Trading Up 0.8 %

Taiwan Semiconductor Manufacturing stock opened at $207.85 on Tuesday. The company’s fifty day simple moving average is $204.71 and its 200-day simple moving average is $187.79. 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 $122.91 and a 12 month high of $226.40. The stock has a market cap of $1.08 trillion, a P/E ratio of 29.52, a P/E/G ratio of 0.70 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating 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, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm 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 $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 1.06%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 27.27%.

Taiwan Semiconductor Manufacturing 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.