Galvin Gaustad & Stein LLC Has $20.06 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Galvin Gaustad & Stein LLC reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 101,575 shares of the semiconductor company’s stock after selling 1,916 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 1.8% of Galvin Gaustad & Stein LLC’s investment portfolio, making the stock its 19th largest holding. Galvin Gaustad & Stein LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $20,060,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth $25,000. Sugarloaf Wealth Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 77.1% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 81 shares during the last quarter. Archer Investment Corp boosted its position in shares of Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 62 shares during the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $40,000. Finally, Abich Financial Wealth Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 108.0% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 108 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSM has been the topic of several recent research reports. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Finally, Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock opened at $220.06 on Thursday. The business’s 50-day moving average price is $199.64 and its two-hundred day moving average price is $185.24. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.14 trillion, a PE ratio of 31.30, a P/E/G ratio of 0.72 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 $225.43.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.00%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) 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.