SteelPeak Wealth LLC Buys 2,085 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

SteelPeak Wealth LLC boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 27.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,749 shares of the semiconductor company's stock after buying an additional 2,085 shares during the period. SteelPeak Wealth LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,931,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Reston Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $25,000. Sugarloaf Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing by 77.1% in the third quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 81 shares in the last quarter. Archer Investment Corp increased its stake in Taiwan Semiconductor Manufacturing by 48.1% in the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 62 shares during the last quarter. American Capital Advisory LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $38,000. Finally, OLD Second National Bank of Aurora raised its holdings in shares of Taiwan Semiconductor Manufacturing by 169.8% during the 3rd quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company's stock valued at $40,000 after buying an additional 146 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TSM. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $207.66 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $112.61 and a 1 year high of $226.40. The firm has a 50-day moving average of $201.70 and a 200 day moving average of $186.00. The company has a market cap of $1.08 trillion, a P/E ratio of 29.50, a PEG ratio of 0.74 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a $0.5484 dividend. This represents a $2.19 annualized dividend and a dividend yield of 1.06%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 27.27%.

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.