Fortem Financial Group LLC Purchases 409 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fortem Financial Group LLC raised its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,985 shares of the semiconductor company’s stock after purchasing an additional 409 shares during the quarter. Fortem Financial Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,774,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Larson Financial Group LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 52.7% in the 2nd quarter. Larson Financial Group LLC now owns 803 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 277 shares in the last quarter. Norden Group LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 8.4% during the 2nd quarter. Norden Group LLC now owns 1,943 shares of the semiconductor company’s stock valued at $338,000 after acquiring an additional 151 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 11,561.9% in the second quarter. Strategic Financial Concepts LLC now owns 181,342 shares of the semiconductor company’s stock worth $31,519,000 after acquiring an additional 179,787 shares during the period. Cross Staff Investments Inc purchased a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $212,000. Finally, Asset Dedication LLC lifted its position in Taiwan Semiconductor Manufacturing by 24.7% during the second quarter. Asset Dedication LLC now owns 1,766 shares of the semiconductor company’s stock valued at $307,000 after purchasing an additional 350 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM traded up $11.59 during trading hours on Monday, reaching $220.20. 20,736,668 shares of the stock traded hands, compared to its average volume of 13,728,652. The company has a market cap of $1.14 trillion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 0.93 and a beta of 1.07. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $195.25 and its two-hundred day moving average price is $182.03. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $99.98 and a 52-week high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This represents a $2.19 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is 35.10%.

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.