Xponance Inc. Boosts Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Xponance Inc. grew its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 50.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,663 shares of the semiconductor company’s stock after purchasing an additional 1,557 shares during the period. Xponance Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $485,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TSM. Congress Wealth Management LLC DE raised its stake in Taiwan Semiconductor Manufacturing by 2.2% in the third quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock valued at $2,686,000 after purchasing an additional 671 shares in the last quarter. CapWealth Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 21.1% in the fourth quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after acquiring an additional 21,329 shares during the last quarter. Verus Capital Partners LLC raised its position in Taiwan Semiconductor Manufacturing by 53.6% during the third quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 1,119 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Taiwan Semiconductor Manufacturing by 99.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,087 shares of the semiconductor company’s stock worth $442,000 after purchasing an additional 2,534 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 23.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,811 shares of the semiconductor company’s stock worth $1,200,000 after purchasing an additional 2,663 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TSM shares. 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 report on Tuesday, April 2nd. Needham & Company LLC restated a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Up 1.2 %

Shares of NYSE:TSM opened at $138.26 on Friday. The stock’s 50-day moving average is $137.06 and its 200 day moving average is $114.64. The company has a market cap of $717.07 billion, a PE ratio of 26.34, a P/E/G ratio of 0.97 and a beta of 1.15. 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 Company Limited has a 1 year low of $82.16 and a 1 year high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.28%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 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.