Meridian Wealth Management LLC Invests $4.66 Million in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Meridian Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 26,813 shares of the semiconductor company's stock, valued at approximately $4,657,000.

Other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $210,000. CreativeOne Wealth LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 25.8% in the first quarter. CreativeOne Wealth LLC now owns 4,208 shares of the semiconductor company's stock worth $573,000 after purchasing an additional 863 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 5.8% in the first quarter. EP Wealth Advisors LLC now owns 14,511 shares of the semiconductor company's stock worth $1,974,000 after purchasing an additional 794 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $976,000. Finally, Sheaff Brock Investment Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 8.7% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 2,180 shares of the semiconductor company's stock worth $297,000 after purchasing an additional 174 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Sunday, November 17th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a research report on Monday. Susquehanna reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock traded down $1.22 on Friday, hitting $190.02. The company's stock had a trading volume of 8,825,666 shares, compared to its average volume of 15,345,130. The company has a market capitalization of $985.52 billion, a PE ratio of 30.45, a PEG ratio of 0.87 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $95.25 and a fifty-two week high of $212.60. The stock's 50 day moving average is $187.57 and its 200-day moving average is $173.35.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion for 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%. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.15%. Taiwan Semiconductor Manufacturing's payout ratio is 31.09%.

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.