Perigon Wealth Management LLC Acquires 185 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Perigon Wealth Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,793 shares of the semiconductor company’s stock after buying an additional 185 shares during the period. Perigon Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $394,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Congress Wealth Management LLC DE increased its holdings in shares of Taiwan Semiconductor Manufacturing by 2.2% in the 3rd quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock worth $2,686,000 after buying an additional 671 shares during the last quarter. LGT Capital Partners LTD. grew its holdings in Taiwan Semiconductor Manufacturing by 4.4% during the 3rd quarter. LGT Capital Partners LTD. now owns 1,554,790 shares of the semiconductor company’s stock valued at $135,111,000 after purchasing an additional 65,220 shares during the last quarter. Naples Global Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 1.0% during the 3rd quarter. Naples Global Advisors LLC now owns 110,356 shares of the semiconductor company’s stock valued at $9,640,000 after purchasing an additional 1,085 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Taiwan Semiconductor Manufacturing by 7.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 159,658 shares of the semiconductor company’s stock valued at $13,874,000 after purchasing an additional 11,427 shares during the last quarter. Finally, Verus Capital Partners LLC grew its holdings in Taiwan Semiconductor Manufacturing by 53.6% during the 3rd 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 during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 1.6 %

NYSE:TSM opened at $140.17 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $81.21 and a 52 week high of $158.40. The firm has a 50 day moving average of $135.95 and a 200 day moving average of $112.05. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $726.98 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 1.09 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The business had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders 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 dividend on an annualized basis and a yield of 1.26%. Taiwan Semiconductor Manufacturing’s payout ratio is 33.20%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Susquehanna upped their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. Needham & Company LLC boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research report on Friday, January 12th. Finally, Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $147.00.

About Taiwan Semiconductor Manufacturing

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.