Merit Financial Group LLC Has $546,000 Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Merit Financial Group LLC grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 27.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,248 shares of the semiconductor company’s stock after buying an additional 1,117 shares during the quarter. Merit Financial Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $546,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSM. Fisher Asset Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1.4% in 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 acquiring an additional 442,289 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Taiwan Semiconductor Manufacturing by 2.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company’s stock valued at $2,328,426,000 after acquiring an additional 666,826 shares during the last quarter. Morgan Stanley boosted its holdings in Taiwan Semiconductor Manufacturing by 11.2% in the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after acquiring an additional 2,400,882 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 29.6% in the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock valued at $1,285,736,000 after acquiring an additional 3,381,514 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 3.1% in the third quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company’s stock valued at $1,023,240,000 after acquiring an additional 355,609 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $141.09 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $82.53 and a 1 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 stock has a market cap of $731.75 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The stock’s 50-day moving average price is $138.61 and its two-hundred day moving average price is $117.32.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

Analyst Upgrades and Downgrades

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

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.