360 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Acquired by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 360 shares of the semiconductor company’s stock, valued at approximately $37,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Meitav Investment House Ltd. boosted its position in shares of Taiwan Semiconductor Manufacturing by 8.7% during the 4th quarter. Meitav Investment House Ltd. now owns 401,956 shares of the semiconductor company’s stock worth $41,990,000 after purchasing an additional 32,218 shares during the period. Hartford Financial Management Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 12.8% during the 4th quarter. Hartford Financial Management Inc. now owns 12,209 shares of the semiconductor company’s stock worth $1,270,000 after purchasing an additional 1,384 shares during the period. Perigon Wealth Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 5.1% during the 4th quarter. Perigon Wealth Management LLC now owns 3,793 shares of the semiconductor company’s stock worth $394,000 after purchasing an additional 185 shares during the period. Helios Capital Management PTE. Ltd. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $1,716,000. Finally, Sapient Capital LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $2,492,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

TSM has been the subject of several research reports. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. Needham & Company LLC reissued a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Finally, Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 2.9 %

TSM opened at $133.49 on Wednesday. The business has a fifty day moving average price of $136.61 and a 200 day moving average price of $114.01. The stock has a market capitalization of $692.33 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 0.92 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 debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.32%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

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.