NewSquare Capital LLC Purchases 161 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

NewSquare Capital LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 97.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 326 shares of the semiconductor company’s stock after buying an additional 161 shares during the quarter. NewSquare Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $64,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSM. J.Safra Asset Management Corp boosted its position in Taiwan Semiconductor Manufacturing by 75.2% during the 4th quarter. J.Safra Asset Management Corp now owns 3,853 shares of the semiconductor company’s stock worth $772,000 after acquiring an additional 1,654 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 19.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 486,449 shares of the semiconductor company’s stock worth $96,069,000 after purchasing an additional 79,092 shares in the last quarter. Snider Financial Group boosted its holdings in Taiwan Semiconductor Manufacturing by 7.2% during the fourth quarter. Snider Financial Group now owns 19,326 shares of the semiconductor company’s stock worth $3,817,000 after purchasing an additional 1,291 shares during the last quarter. Triad Wealth Partners LLC bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $342,000. Finally, Cypress Capital Group increased its stake in Taiwan Semiconductor Manufacturing by 37.6% in the 4th quarter. Cypress Capital Group now owns 26,495 shares of the semiconductor company’s stock valued at $5,232,000 after buying an additional 7,236 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 2.4 %

Shares of TSM stock opened at $184.33 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The firm has a 50 day moving average price of $203.09 and a two-hundred day moving average price of $191.72. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $956.03 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06.

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, topping 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, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.49%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.11%.

Wall Street Analyst Weigh In

TSM has been the subject of a number of recent research 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 upped their target price on shares of 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 reiterated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus target price of $220.00.

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.