Intelligence Driven Advisers LLC Grows Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Intelligence Driven Advisers LLC lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 103.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,176 shares of the semiconductor company’s stock after purchasing an additional 3,140 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $698,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TSM. Mather Group LLC. raised its position in shares of Taiwan Semiconductor Manufacturing by 2.0% during the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock worth $501,000 after purchasing an additional 96 shares during the last quarter. Benjamin Edwards Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 2.3% during the 4th quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 96 shares during the last quarter. Atlas Private Wealth Advisors raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock valued at $342,000 after acquiring an additional 104 shares during the period. Advisory Resource Group boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.3% during the fourth quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company’s stock worth $886,000 after buying an additional 108 shares during the period. Finally, Intrust Bank NA grew its position in Taiwan Semiconductor Manufacturing by 0.8% in the 4th quarter. Intrust Bank NA now owns 14,187 shares of the semiconductor company’s stock valued at $1,475,000 after acquiring an additional 111 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 0.9 %

NYSE:TSM traded up $1.28 on Thursday, hitting $136.22. 5,766,741 shares of the stock were exchanged, compared to its average volume of 15,527,533. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $82.44 and a fifty-two week high of $158.40. The stock has a fifty day moving average of $137.73 and a 200-day moving average of $115.76. 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 $706.49 billion, a PE ratio of 25.55, a PEG ratio of 0.98 and a beta of 1.13.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm 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 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio 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.