RMR Wealth Builders Has $589,000 Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

RMR Wealth Builders reduced its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,660 shares of the semiconductor company’s stock after selling 146 shares during the quarter. RMR Wealth Builders’ holdings in Taiwan Semiconductor Manufacturing were worth $589,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Congress Wealth Management LLC DE lifted its position in shares of Taiwan Semiconductor Manufacturing by 2.2% during 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 lifted its position in shares of Taiwan Semiconductor Manufacturing by 21.1% during the fourth quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after purchasing an additional 21,329 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after purchasing an additional 442,289 shares in the last quarter. Verus Capital Partners LLC lifted its position in shares of 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. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of 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 valued at $442,000 after purchasing an additional 2,534 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Barclays lifted their price objective 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. Susquehanna lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. Finally, TD Cowen lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded up $2.50 during midday trading on Wednesday, hitting $143.61. The company’s stock had a trading volume of 10,194,704 shares, compared to its average volume of 15,330,025. The stock has a fifty day moving average price of $138.61 and a 200 day moving average price of $117.32. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $82.53 and a one year high of $158.40. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $744.82 billion, a price-to-earnings ratio of 27.35, a P/E/G ratio of 1.01 and a beta of 1.13.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be paid 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 yield of 1.23%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

Taiwan Semiconductor Manufacturing Company 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.