Avior Wealth Management LLC Has $344,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Avior Wealth Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 29.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,308 shares of the semiconductor company’s stock after acquiring an additional 749 shares during the quarter. Avior Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Atlas Private Wealth Advisors boosted its stake in Taiwan Semiconductor Manufacturing by 3.3% during the fourth quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock worth $342,000 after buying an additional 104 shares in the last quarter. Advisory Resource Group boosted its stake in Taiwan Semiconductor Manufacturing by 1.3% during the fourth quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company’s stock worth $886,000 after buying an additional 108 shares in the last quarter. Baystate Wealth Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 28.8% during the fourth quarter. Baystate Wealth Management LLC now owns 510 shares of the semiconductor company’s stock worth $53,000 after buying an additional 114 shares in the last quarter. Waverly Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 3.8% during the third quarter. Waverly Advisors LLC now owns 3,145 shares of the semiconductor company’s stock worth $273,000 after buying an additional 116 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 0.7% during the first quarter. Cresset Asset Management LLC now owns 18,334 shares of the semiconductor company’s stock worth $1,712,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TSM. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday. Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $127.71 on Friday. The stock has a market capitalization of $662.36 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 1.02 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $81.21 and a 12-month high of $158.40. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26. The stock has a 50-day simple moving average of $136.50 and a 200 day simple moving average of $113.02.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. The firm had revenue of $19.62 billion during the quarter, compared to analysts’ expectations of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.21% and a net margin of 38.15%. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.38%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 33.98%.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.