Greenup Street Wealth Management LLC Makes New $5.66 Million Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Greenup Street Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 28,654 shares of the semiconductor company’s stock, valued at approximately $5,659,000. Taiwan Semiconductor Manufacturing accounts for about 1.1% of Greenup Street Wealth Management LLC’s investment portfolio, making the stock its 23rd largest position.

Other institutional investors have also made changes to their positions in the company. BankPlus Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $460,000. Bay Rivers Group grew its position in shares of Taiwan Semiconductor Manufacturing by 14.5% during the fourth quarter. Bay Rivers Group now owns 1,579 shares of the semiconductor company’s stock worth $312,000 after buying an additional 200 shares in the last quarter. Matthews International Capital Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 23.3% in the fourth quarter. Matthews International Capital Management LLC now owns 195,243 shares of the semiconductor company’s stock worth $38,559,000 after buying an additional 36,845 shares during the last quarter. JDH Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $216,000. Finally, Nilsine Partners LLC boosted its stake in Taiwan Semiconductor Manufacturing by 1.1% during the 4th quarter. Nilsine Partners LLC now owns 17,926 shares of the semiconductor company’s stock valued at $3,540,000 after acquiring an additional 201 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TSM. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 13.1 %

TSM stock opened at $192.72 on Tuesday. The stock has a market cap of $999.52 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07. The firm’s 50-day simple moving average is $201.07 and its 200 day simple moving average is $185.72. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $112.61 and a fifty-two week high of $226.40. 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 (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating 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%. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.14%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 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.