Mather Group LLC. Acquires 96 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mather Group LLC. raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,819 shares of the semiconductor company’s stock after acquiring an additional 96 shares during the period. Mather Group LLC.’s holdings in Taiwan Semiconductor Manufacturing were worth $501,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farmers & Merchants Investments Inc. bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV grew its position in Taiwan Semiconductor Manufacturing by 108.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 162 shares during the last quarter. Financial Gravity Asset Management Inc. grew its position in Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 211 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $37,000. Finally, Baystate Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing by 53.5% during the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 138 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TSM has been the topic of several recent analyst reports. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Needham & Company LLC restated a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Finally, Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $134.92 on Thursday. The stock has a market cap of $699.75 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 0.98 and a beta of 1.13. The firm’s fifty day simple moving average is $137.73 and its 200 day simple moving average is $115.76. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $82.44 and a twelve month high of $158.40. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be issued a $0.4408 dividend. This represents a $1.76 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.76%.

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.