Sowell Financial Services LLC Has $4.04 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sowell Financial Services LLC lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.4% during the 4th quarter, HoldingsChannel reports. The fund owned 20,435 shares of the semiconductor company’s stock after buying an additional 1,590 shares during the period. Sowell Financial Services LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TSM. Summit Global Investments grew its stake in shares of Taiwan Semiconductor Manufacturing by 186.8% in the third quarter. Summit Global Investments now owns 12,766 shares of the semiconductor company’s stock worth $2,217,000 after acquiring an additional 8,315 shares during the last quarter. Hollencrest Capital Management grew its stake in shares of Taiwan Semiconductor Manufacturing by 71.5% in the third quarter. Hollencrest Capital Management now owns 3,425 shares of the semiconductor company’s stock worth $595,000 after acquiring an additional 1,428 shares during the last quarter. Equitable Trust Co. grew its stake in shares of Taiwan Semiconductor Manufacturing by 9.8% in the third quarter. Equitable Trust Co. now owns 35,590 shares of the semiconductor company’s stock worth $6,181,000 after acquiring an additional 3,178 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter worth $425,000. Finally, Galvin Gaustad & Stein LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 5.9% in the third quarter. Galvin Gaustad & Stein LLC now owns 103,491 shares of the semiconductor company’s stock worth $17,973,000 after acquiring an additional 5,779 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 0.4 %

TSM opened at $176.58 on Friday. The company has a market capitalization of $915.80 billion, a P/E ratio of 25.08, a P/E/G ratio of 0.66 and a beta of 1.13. The firm’s fifty day moving average price is $202.05 and its two-hundred day moving average price is $191.76. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) 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%. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.55%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) 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.